What prediction are you talking about ?? Did he ever predict index level ? He might have said that economy is showing early signs of improvement...but that is based on hard facts which RBI collects. Are we going to blame him for the market fall ?
I heard both RBI Gov and Finance Minister today on TV and they gave confidence that our economy is in much better position to handle the shocks of this world turmoil because of lower inflation, lower oil price, lower fiscal deficit and that is what they are supposed to say.. I dont expect them to say Buy at current levels...8500 is pakka in next 3 months or something similar. Retail investor is not in panic it is the leveraged trader/speculator who is holding the position against the trend who is in panic.
ST