• MARCH 14, 2007

Is your dream fading too?

"American dream fading for many" goes the title of a lead article on the US news agency CNN's financial website. So, after China, which sent off the global stock markets rolling into panic following announcement of controls on speculative investments, it is the time for vibrations from the US that have rocked the global equity markets, one and all!

Following heavy losses on Wall Street yesterday, when the Dow declined by 2% following reports of an intensifying crisis in the US mortgage lending market, the scar was seen on Asian indices as well, which witnessed heavy volatility today. Stocks in Japan, Hong Kong, Malaysia and Singapore closed down by around 3%. China, Taiwan and Korea were weak by 2%. India is currently trading 3% down.

So, the big questions are:

  1. Is the American dream really fading away?
  2. Will the largest economy lead the world into a recession?
  3. What will be the repercussions on India?
  4. What will happen to your portfolio of investments into Indian stocks?

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