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“US equities posted the steepest monthly loss in 21 years in October and $6 trillion was erased from US markets in 2008″The hopes are still alive and people on wall street are predicting an up move of 205 in S&P 500.If this moves up by 20% we may have up move over 25% in the [...]
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The Sensex was hit much harder than Dow although the epicenter of the financial crisis was the US. Since January 2008, for instance, Sensex fell 58 per cent in rupee and 68 per cent in dollar terms; Dow Jones declined 33 per cent. The Indian market experienced more than a ripple effect. There were hard [...]
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