I think I’m suffering from a case of terrorist paranoia. Yesterday CNBC carried news of how K R Narayanan (fmr. Indian President for those who don’t know) believes that terrorist groups are manipulating the stock market for financing their diabolical deeds. Add to that the news in today’s Times of India (a tiny little piece hidden away amongst the major headlines of Liz Hurley’s wedding and the P3 party of some unknown socialite) that the Westpoint Academy is training the US Corps to not
under misunderestimate the Al Qaeda’s intelligence capabilities.
The Sensex crossed the 1000 mark in June 1990.
The Sensex crossed the 2000 mark in January 1992 and then crossed the 4000 mark in March 1992. A year later, serial blasts ripped through Bombay. Now, but it’s difficult to pinpoint these directly to the sudden quadrupling of the Sensex in two months.
The Harshad Mehta scam resulted in a seven-year lull until October 1999, when it crossed 5000 and February 2000 when it crossed 6000. December 13, 2001 and a terrorist attacks on the parliament.
A five-year period then followed until June 2005, when the markets hit 7000 and then in September it crossed 8000. October 29th, 2005 was a frightening day; mum and dad went to my uncle’s place in Subroto Park. They wanted to buy me a Led Zeppelin T-shirt from Sarojini Nagar, but I said that I didn’t want anything and convinced them to not go. I don’t know why, but I’m really thankful that I did.
December 2005, the markets cross 9000; February 2006, they cross 10000; March 2006, 11000; April 2006, 12000. Followed by July 11, 2006.
Again, the markets are making random leaps that somehow do not represent the actual economy. 13000 in November 2006 and 14000 in December.
Terrorists can easily get tips on market manipulation from D and the ISI. We all know the incredible and downright frightening level of how the ISI have infiltrated the nation. There are terrorists in the army, the government, the IAS, working in Infy and Wipro and they do so as Ravi Kumar and Nikhil Mishra, not as Mohammad Aslam or Ismail Rehman. They have realized that religion is inconsequential, something our security forces and pigs don’t get. The only way to defeat them is simple. Development. Better infrastructure, better schools and colleges and a increase in the standard of living will ensure that the nation will be able to cope, at least economically after any building, train, plane etc is blown up. A transparent system will make their job THAT much more difficult and better training for our security forces will help; I mean, I doubt if an obese bribe-taking, paan/gutka chewing hawaldar is a match against the well-trained, fit and fanatically obsessed agents of the LeT or Al-Q.
I have never made but one prayer to God, a very short one: “O Lord, make my enemies ridiculous.” And God granted it.