Need for Discipline

Need for Discipline Nishtar BEARS were on the run, hotly chased by the aggressive bulls. Equities simply soared. It was the sharpest rise that the stock market had had for any single week for months. In fact, rarely has the market been known to perform such a feat. What is more, there was very little in the news to explain last week's tremendous upsurge on a very wide front covering cleared as well as non-cleared securities. Surely, the announcement of $ 13 million IBRD loan and