There is lot of bad news in many sectors like a. Intel - after hours breaks through its 2002 (Tech Wreck) lows of 13.22. b. S&P Oct 10 intra-day low 839 - very close to the edge c. Russia's benchmark index has plunged 22% over the past two days with markets now facing the risk of large ruble devaluation. d. [CROX] Crocs Q3 net loss $1.79 a share vs 66c profit e.Applied Materials to cut 1,800 jobs f. National Semiconductor lowers second-quarter sales outlook
Adding the global woes to the liquidity situation and crisis locally, the markets will continue to tread lower. The gap down opening levels we expect are below. NIFTY at *2740* SENSEX at *9202 * PLEASE TAKE A LOOK AT YOUR MUTUAL FUND, PENSION, INSURANCE (ULIP RELATED) AND SEE IF YOU CAN REDEEM SOMETHING. THIS IS GOING TO GET WORSE BEFORE IT GETS BETTER. ______________________ Navin NS Capital Partners --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
