Unable to counter the @HindenburgRes allegations against #AdaniGroup, the Indian rightwing zealots, probably with support of the Govt, ios seeking to rope in the #SupremeCourt to shield #SEBI fromthe need to investigate.
1. They first want to go after #Hindenburg
1. They first want to go after #Hindenburg
Next, they want to gag any discussion of the stock valuation problems of the #AdaniGroup.
Botht are misguided. The Supreme Court should take a straightforward approach.
1. The Courts cannot prevent investors from losing their shirts in the stockmarket. They must be allowed to lose their investments just as they are entitled to keep their gains.
1. The Courts cannot prevent investors from losing their shirts in the stockmarket. They must be allowed to lose their investments just as they are entitled to keep their gains.
2. The regulagtory agencies have a role to protect investors not from the bad decisions and poor investment choices they might make, but from deliberate rigging of the market by big players whose sharp accounting and dis-information can overvalue stocks.
The Supreme Court must make the simple point that #Hindenburg did NOT target India, they targeted Adani Group, not because they had anything against Adani specifically but simply because Adani Group stocks were grossly overvalued. As such they were like the canary in the mine.
The Supreme Court must not allow itself to be dragged into a stock market scandal. The primary agency to investigate any wrongdoing or fraud is #SEBI and the Supreme Court must not put itself in the shoes of a first-tier agency.
If the dreams of a few retail investors (who bought Adani shares and felt enriched at seeing them shoot up in valus) turned to dust, they have themselves to blame. It is tempting to blame the people who pricked the bubble, but the real culprit is the inflator of the balloon.
By pricking the balloon #Hindenburg
a) protected the many investors who may have been tempted to jump in at INR 4000 hoping for yet greater gains.
b) woke up many millions of investors to the dangers of investing in stocks that are rated too-good-to-be-true.
a) protected the many investors who may have been tempted to jump in at INR 4000 hoping for yet greater gains.
b) woke up many millions of investors to the dangers of investing in stocks that are rated too-good-to-be-true.
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