Market Outlook (9 Apr 09)

At the time of writing (18th March), the Sensex closed at 8,976. We have been pointing out over the past three months that the weekly-closing of 8,700 was a crucial support to watch for. We had
maintained that, should this crucial level be broken decisively, it would mean that further decline was imminent. On the week-ended 6th March, the Sensex closed at the 8,325 giving investors a scare....

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    The horrific effects of reckless expansion of leaders running the financial and real estate sectors have been toxic mortgages which are now coursing through the veins of the global financial system, wrecking countries and currencies and businesses. What is shocking is not merely that responsible people have wrecked top financial institutions like Morgan Stanley, Merrill Lynch, Bear Sterns and...

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