Total Solar Eclipse Presents Unique Investment Opportunity
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Varanasi, India, 22 July 2009. A total solar eclipse darkened much of India, China, Iwo Jima Japan, and other parts of Asia today. Superstition and old wives’ tales seemed to prevail, and the most interesting was perhaps that India’s Sesnex would drop.
Varanasi, India, 22 July 2009. A total solar eclipse darkened much of India, China, Iwo Jima Japan, and other parts of Asia today. Superstition and old wives’ tales seemed to prevail, and the most interesting was perhaps that India’s Sesnex would drop.
This will present an attractive opportunity for investors. Before the slump, which many Indians will blame on the eclipse, people will sell. Yep, India’s Sesnex will drop – not from the eclipse, but from people unloading shares to avoid this drop.[br]
What an unusual opportunity to buy.
Meanwhile, people are advised to stay indoors, especially pregnant women. They should stay in bed, not eat, keep the curtains closed, and by all means avoid looking at the sun, or their babies may be born with dark spots.
This will be the longest solar eclipse of the 21st century, but that doesn’t necessarily mean the Sesnex trough will be long – the eclipse will only last about four minutes in India.
It has been a decade since India has experienced a total solar eclipse, and today’s is expected to be the most-viewed eclipse of all time.
Its duration will be six minutes and 39 seconds, at its longest, in the South Pacific. The next-longest eclipse will be on 13 June 2132.[br]
The moon’s shadow will travel across 15,150 kilometers of Asia. And will cast a 258-kilometer wide spot of darkness.
So if you’re one that doesn’t believe in superstition and you decide to make a quick buck on the Sexnex, you better hope you’re also indoors, along with the pregnant women, on the computers buying and selling shares.
In Shanghai, the eclipse will be about five minutes, even longer than in India, but as yet we have heard no Chinese stock-crash prophecies.
The last solar eclipse was about a year ago, and lasted two minutes. It was in arctic areas, was viewed by few, and certainly had no effect on the markets.
Dwayne Ramakrishnan, EconomyWatch.com
