There was blood on Dalal Street, and, we recorded the biggest weekly loss in some time. My premonition last week asking people to stay out the uncertain times would have helped them in cutting losses. While it appears there may be some recovery simply because we have lost so much, we are far from out of the woods.

People touch monkey statues for luck at Baiyunguan Temple during Lunar New Year celebrations in Beijing as the Year of the Monkey commenced in China on Wednesday. Pics/AFP