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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: BigJake who wrote (11498)5/12/1998 8:57:00 PM
From: P. Ramamoorthy  Read Replies (2) of 13949
 
Re.: Wonder if trade sanctions are also possible that could prohibit business with India over the nuclear blasts?

It is possible. I posted in CMND and CBSL threads about the political nature of the nuclear blasts and why the off-shore software biz may not be affected (just my opinion). Institutional money already got out of the stocks quickly as usual. Sell first, ask questions later. More about the issue -
The party (BJP) that came to power in the recent election promised a list of actions (agenda) they will take, if they were voted to the office. Somewhat similar to the Contract with America that Republicans used a few years ago. One of the items on their list is India should be free to pursue nuclear testing and options (I do not know the exact words). The problem was that this party did not win a majority in the Parliament to form a stable government. They put together a coalition govt. with parliamentarians from several political parties. Somewhat similar to Israel where a coalition of several parties is needed to hold the majority. Now, this party is showing to the people of India that they will do what they promised to do. With the nuclear blasts done, they checked off one item on their list. They will go to other items on the list, with the hope of building confidence in their ability to deliver their promise. It is all political. I think that the nuclear blasts sent a wrong message to other countries, at a time when economies are becoming interdependent in the global sense. Hope the setback in stocks (CBSL, SYNT) is only temporary. Ram
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