Bankex, Realtex, Gasex, Capital Goods ex all are down, as fears of a global recesssion following a recession in US, takes its toll of the bourses!
We were right to caution our readers about the recessionary phase gripping the market now. The reasons are not far to seek. Astrologically, it is 6th Jupiter. Financially the price of crude and the subprime crisis in the US. Over 200,000 houses are up for sale in US.
Hope the real estate market in other countries is not affected by this slowdown in the US.
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