Sunday, October 21, 2007

Dow Fell Sharply

On Friday, Dow Fell Sharply due to renewed concerns on economy, housing troubles, falling US Dollar. Equities have for the past one month given excellent returns to investors/traders, are now correcting, which is a good sign, otherwise would have caused serious valuation concerns especially among emreging markets like India, China, Taiwan. HongKong stock markets have so far remained strong. Canadian dollar is at an all time high against the US Dollar. Nervousness is prevailing in stocks also due to record high price of Crude Oil. Gold is also trading firm at it's highs.