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techcharter

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techcharter

Re: None

Tuesday, 05/23/2006 5:50:53 AM

Tuesday, May 23, 2006 5:50:53 AM

Post# of 51837
India Market Crash

The Bombay Stock Exchange crashed 10% at one point yesterday and finished 5% down. Over the last 2 weeks the BSE has been down at least 25%. THis is not a good sign from an economic zone that has been thriving for the last 10 years. It does not bode well for the US because US companies outsource a great deal of high tech development and call center services to India.

http://stockcharts.com/h-sc/ui?s=$BSE&p=D&yr=0&mn=3&dy=0&id=p81947153502


On a lighter note, The Japanese NIKKEI down 10% in 2 months. Single day downward thrusts are strenghtening.

http://stockcharts.com/h-sc/ui?s=$nikk&p=D&yr=0&mn=6&dy=0&id=p98331346671
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