Decoupling…What Decoupling!

Last 7 days mayhem in the Indian stock markets prove that we live in a truly globalised environment …and a sneeze in US leads to pnuemonia in India…..Oh things will not be that bad….not beware that the environment maynot be rosy as well…..considering the Nifty we are back to levels seen in Aug-2007…and at that time decoupling hypothesis was in full flow and the global real economy scenario was fairly ok…..Now things are different….decoupling hpyothesis will be trashed by every economists and the global economic scenario is much worse to put at the best…..hence my take…Nifty needs to correct further to reflect fair valuations.