Friday, May 7, 2010

Panic 2.0 Hits the US Markets...!

Wall Street Falls Ten Percent Intraday... ! 

The US markets indices fell more than ten percent intraday on Thursday in a new panic reminding the  bust two years ago. At the time of this post the markets were trading with huge losses of 6 % in the widely followed US indices.

S&P 500 Index - Daily Chart with CBOE VIX

We will certainly see huge losses in the Indian markets on the black Friday tomorrow.

Cheers and Prosperous Investing and Trading!!!  

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