What ecstasy! On monday the Sensex jumped within seconds of opening and trading was halted by the circuit breaker. It ended the day up 17%. Fundamentals had not changed since last week. Exports are still down. Deflation in construction, mining and manufacturing is being camouflaged by double digit food price inflation. Oil companies have reported heavy losses and oil price has jumped to near $ 60 a barrel. Fiscal deficit at over 6% means there is no money for further stimulation of the economy. So why did a Congress victory cause such dizzying rise in the Sensex? The answer, according to the freeloading press, is 'continuity' or no change. Already the former Trade Minister, Mr. Kamal Nath has said that there will be no reform of the banking, insurance and retail sectors. The same gang being returned to power means industrialists can continue with the same 'setting' and do not have to bribe a completely new set of gang members and kleptocrats thus saving hundreds of millions of rupees. A Public Interest Litigation has been filed in the Supreme Court seeking the revelation of the names of everyone with black money in foreign banks. The previous Congress led government opposed the PIL and one may suppose that the case will be eternally drawn out much like Bofors until people have time to shift there money to safer alternatives. The only good thing is that the evidence is all in foreign hands and cannnot be destroyed. I thought that Indians are goats to vote for the Congress until I realised that there was no alternative. It is so depressing that I wish I had not lived to see this.