I have been hearing like most of you about the possible US recession and its overall impact on the global economy. Most of the analyst are of the opinion that Indian economy is to the major extent immune from such a slowdown in US. I believe that corporate performance may be affected but stock market performance may not be that very bad as the rush for safety to EMs ( which foregners somehow think EMs are) may take care in the initial phase when corporate result mishaps can be hushed up with the help of liquidity. But am perplexed that is it possible to isolate corporate result mishaps from stock market mishaps......can someone build possible scenarios. I know quite well that legends have more often than not requested investors not to take cognisance of such economic forecasts but then most of the people adore legends in the bull market and abho them in the bear markets. And one must also be humble enough to take note that crashes have the potential to make some very dent into the financial capital and most importantly the confidence of the investor. So, shall we simply ignore such a talk as noise or take more responsible decisions????