"Ấn Độ của BJP là Chuyển Ưu tiên cho nền kinh tế" Câu chuyện ghi nhận rằng BJP lên nắm quyền hai năm trước đó kêu gọi Ấn Độ khẳng định khả năng hạt nhân của mình - một cam kết thực hiện hai tháng sau đó với một loạt các thử nghiệm vũ khí gây ra biện pháp trừng phạt toàn cầu và | More recently the Internet has brought the stock market into the home where it has thrived. . . This has led to the appearance of hordes of day traders amateur speculators who operate mostly from their homes using their computers to access the cheap sharedealing services provided by on-line brokerages. By the summer of 1998 five million Americans had accounts with Internet discount brokerages and around a million of them were day traders. Average turnover on these on-line accounts was twelve times heavier than at conventional brokerages. Some traders reportedly carried out a thousand trades a day. Indeed NASDAQ market-makers will tell you that it isn t the long-horn cattle in the Electronic Herd-the big mutual funds-who push Internet stocks up and down like a roller coaster. It s the little short-horn daytraders impulsively buying 200 or 300 shares at a time on one whiff of news or another. Most of them don t even know the companies they are buying or selling but are just trading symbols. To be sure if the herd comes your way it can in short order rain billions and billions of dollars on your country s stock and bond markets as well as directly into plants and factories. That is why more and more countries are interested in doing whatever it takes to plug into this herd. But when for political economic or social reasons markets in one country become unstable or weak the Electronic Herd can transform what might have been a brutal but limited market adjustment downward into something much more painful and exaggerated and it can also transmit instability much more quickly between markets and from bad markets to good markets. As Alan Greenspan has noted in speeches the very same financial globalization which has induced such dramatic increases in private capital flows has also exhibited significantly improved capacities to transmit ill-advised investments. The Federal Reserve chairman adds that one can scarcely imagine the size of losses 1 billion of a single trader .
