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PromodradhakrishnanUser
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Market volatility could not be stressed more - after a brief positive upsurge to the 13K levels by early May, the markets swung back to sub-12K levels as early as June mid. With the Dow currently at 11,300+, we are technically close to bear territory, about 20% below the last high. As in the early year fall, Financials were the worst affected...you can rarely see C... read more
Posted on 18:53, June 28, 2008
After a brief spell of (unwarranted) upward bounce, last week saw the market erase most of its gains and swing back down to 12,600 levels. Though this is still significantly above the low touched on March 10, during the Fed-JPM-Bear Stearns drama. OIl continued it's non chalant upward climb, touching as high as USD 133/barrell. It's difficult not to say that OPEC and... read more
Posted on 02:00, May 25, 2008
The last 4 weeks saw a significant upward correction, with the market touching the 13K levels, albeit for a short while. Technology and Oil & gas led sectoral gains, with names like GOOG and AAPL recovering most of 2008 losses. Financials gained too - MER, LEH, GS etc have all recouped enough to say that there's not enough immediate upside left in them... read more
Posted on 04:16, May 11, 2008
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