The other day my friend, (and lapsed contributor to this blog) disgutedem, picked up a bunch of stocks in one of the big Indian outsourcing firms. From our uninformed perspective, it was a reasonable hedge against the possibility of having our jobs outsourced to them.
Also, on the day he was buying it, there was still Street cred for the argument that "techs aren't as exposed to subprime."
Today, Kedrosky points out that the big Indian outsourcers are rather heavily exposed to the "It's-cheap-for-a-reason" financial sector.
The race to the bottom continues apace!!!!!!!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment