23 September 2008
The Forex scenario has changed a lot due to the present crash of Lehman brothers, this has lead many banks across the world to retract their aggressive business strategies. Investment bankers, stock brokers & forex marketers are in a limbo now. They are all trying to overcome this sudden catastrophe. This big fall has also resulted in stock exchanges losing many points, they are slowly recovering ground but the loss is not so easy to overcome for them & this Lehman brothers issue will haunt financial hubs across many continents for a while.
Renowned late investment banker – Larry Murkavel once said “never, invest in anything that is linked with a tall building, when it falls you are crushed”.Rightly, most of the stock exchange buildings are tall, the results fell & many investors have fallen prey to it.
The United States govt. has played an active role in stabilizing further fall of the market, with their timely intervention, this is what speaks volumes of the US, they are always ready for any eventuality be it in any field. Now that the damage has been done, the market slowly crawling up to get back in feet, we can only pray “God, save America”.











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