If BSE and NSE in India saw Maniac Monday, Torrid Tuesday welcomed US investors. Dow and Nasdaq ended the  day with loss of 161.27 and 41 odd points respectively. S&P 500 ended, at 10 week lows of 881.03. No one sees the green shoots at-least as yet in US market. What it means for Indian Markets tomorrow. The weakening dollar will hit the software companies. Metals, commodities and Oil stocks will be hit, how badly, can’t tell. But till government starts producing road-maps to support the markets, this direction-less budget is sure to add volatility to the markets. Tuesday markets somehow survived as Pranab Mukherjee was on T.V. throughout the trading hours trying to smile his way through the Dravidian budget he has presented before us. But what happens on Wednesday is anybody’s guess.

What would work is, a slew of blue coats [read royal cabinet ministers] to come on TV channels and shell out the crisp road-maps and guidelines of next 100 day agenda. The resilience of Indian investors is still there. Government has to just step forward and in no uncertain words convey that we won’t pull the rug from under your floor. Sounds Easy! Trust the government to sleep in bed with hedge fund managers and do exactly opposite.

If I wake up early in the morning will put forth a more convincing trading policy for the day. Just keep your eye on how Chinese [Shanghai] markets react.