Stock market craze lands youth at shrink’s desk – 2 November 6, 2008
Posted by dhirendra1972 in Huge-pay-off, Youth.Tags: Money, Stock Market
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The stock markets are still headed southwards and there is only more loss in store for Mahesh if he invests further. But the youth refuses to understand and has become hypermanic.
“Mahesh is a classic example of how a large number of Gujarati youths, led by the dream of striking it rich in a short time, got addicted to trading and are now panic-struck wondering where to get cash for the huge-pay-off,” says psychiatrist Dr Mrugesh Vaishnav, who is treating Mahesh.
Mahesh’s downfall started when his friend lured him to the stock market, convincing him that he will never be able to make it big with a job. “He exhausted all limits on his five credit cards and signed on a promissory note produced by a friend to procure a loan and recover his losses. His friend turned out to be a cheat and the youth was arrested by police in Bangalore. His father had to borrow Rs 20 lakh to get his son released,” said Dr Vaishnav.
But, the youth is still optimistic about the market and wants his father to give him more money. “Sir, should I give him money?” the father asked Dr Vaishnav. “No, he needs to be weaned away from the addiction,” came a quick reply.
As the bloodbath continues, struggle between blood bonds too continue…
