Tuesday, August 19, 2008

Fall in Dow Jones

The Dow Jones has fallen again. Right now, at 3.17 pm, it is down 203 points or 1.75%, which is considered a pretty steep fall. So, we need to wait for Nikkei to open next morning and see how Japan reacts and then how Hang Seng reacts in Hong Kong. If they are depressed too, then we can expect the Indian markets to witness a fall.

I know oil has risen a bit and there is news that Iran has offered to launch satellites of Muslim countries. Iran has already claimed that it has test fired a new rocket capable of carrying a satellite into orbit. The story can be read at the New York Times. I still don't know if there is some US economy data that has also contributed to the fall.

Let us wait and watch.

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