Sir ,
This is true what you said. But you know , in US mkts people have their own money in stock mkts but in Asia FII have heavily invested. Take the case of India , very few out of total population are investors , so investor money is less , most of the money is FII which is not the case in US.
Even if our indian inv stop selling , how can we stop FII selling , i read that they still have 34 billion in our mkts , how much can MFs support , Very few investors in india are investing at this stage as confidence is really low.
Also Indian mkts are easily manipulated , 12% fall in one day no can justify that no one i saw in asian mkts fell that much.
We are creating new lows while Dow is still away from its low , Its mad FII selling and heavy shorting. If we take the fall of US on friday we should jump up on monday by 5-6 % but that will not happen am sure of that.
Dont know when people will stop seeing US fut which made everyone a ullu on friday.