A tale of two indices

The US S&P 500 is hitting four year highs while the Shanghai Composite Index is close to its 2009 lows.

So for all the talk of global coupling, we have very very different outcomes for the stock indices of two of the biggest economies of the world.

Another interesting fact is that most US fund managers looked at the Shanghai composite as a leading indicator for their own markets.

Just goes to show that all indicators work for a while and then they stop working.The trick is to know when !!

What was that again?

What motivates social activists (like Teesta Setalvad and Javed Anand)? Let’s play with humanistic psychologist Abraham Maslow’s Humanistic Theory of Self-Actualisation (the “Hierarchy of Needs” theory and self-actualisation). First, it starts with the need to help others and it is altruistic. With a bit of success and acknowledgement of the good work he/she is doing, the activist becomes a hero. He/she gains followers and is surrounded by sycophants. Any challenging views are dismissed. The final stage takes place — the activist falls in love with himself/herself. Now this activist who started with altruistic reasons, has become a danger to society. The activist is so taken in by his/her Jungian Hero Archetype bordering on the Martyr Archetype, that anyone else’s opinion or perspective is held in contempt. Because the Archetype is so enthralled by his/her own sacrifices to the cause, to make them worthwhile, blind faith in one’s self is essential. If he/she admits he/she is wrong on any point, it means a lifetime of service has been wasted.

 

Gujarat 2002 upset and shook me up. Many Tweeters have sincerely tried to convince me that Narendra Modi was not responsible. I, sincerely, have not been convinced so far, since I have seen stories with evidence and footage that show the opposite. But an article like this one by Setalvad-Anand is enough to turn me into what is called an Internet Hindu. India cannot afford to have different rules of engagement based on people’s religion, caste or gender. I believe that is enshrined in our Constitution. Destroying the Constitution for a vote-bank is worse corruption than black money. An incendiary article by Setalvad-Anand can do as much damage as violence in Azad Maidan. To paraphrase Arun Shourie: This is bending over backwards

wrote Madhu Trehan in the Indian Express