India, Jan. 30 -- It is finally the sentiments, stupid! Whatever one may exude about corporate earnings, profitability visibility, macros, headwinds, and so on, recent volatility in specific stocks and stock markets show that emotions are as important, if not more, as the fundamentals. For example, look at the mayhem in Indonesia. For the second day, there was a rout, and the circuit breaker came into play as the stock market index slid by 10 per cent on Thursday. The ostensible reason was that the index service provider, MSCI, warned about the "invest-ability potential" of the nation's stocks. What this implied was that there were terrible issues with the functioning of the market, which led to non-professionalism, manipulations, credibi...