Sensex crashes 900 points – bear market can see below 10,000 this year
Kirit Chauhan
Mar. 3, 2008

Indian stock market collapsed again. The world watched Sensex dropping over 900 points, the biggest fall in the last three weeks, to close below 17K level at 16,677.88 points and wider Nifty losing over 270 points to end below 5,000 level.

The fall was a result of weakening global trend. The small cap stocks index tumbled by 389.78 points to 9,238.35 and mid cap index by 315.54 points to 7,364.85.

Sensex crashes 900 points – bear market can see below 10,000 this year
Kirit Chauhan
Indian stock market collapsed again. The world watched Sensex dropping over 900 points, the biggest fall in the last three weeks...
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Fewer jobs, rising fuel costs and falling property values are the result of failed policies of Bush Administration that mirrors that of communists in Soviet era
Bernie Snyder
It was a mandate influenced by already influenced Supreme Court that brought the Republicans in power. They performed worse than the Soviet communists in eighties. These failed policies of the communists brought down a super power to its knees.
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The financial meltdown accelerates as the banks move aggressively to seize assets of hedge funds and private equity funds
Joe Weinman
In specific, the stock market got rocked when it observed how lenders have seized assets held by troubled London hedge-fund manager Peloton Partners LLP. The banks are trying to recoup some of the money they lent the firm.
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Bank of America may be the first bank to go insolvent with Countrywide's Baggage
Fred Day
A federal watchdog has asked courts to penalize Countrywide for alleged abuses of the bankruptcy system. David Sambol, Countrywide's president and chief operating officer, will head of the two banks' combined home-mortgage business.
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Property tax to soar, county, city, municipality, and state governments in deep financial trouble as municipal bond yields ready to skyrocket
Marla Guthrie
The municipal-bond market, considered as a haven for individual investors with tax-free yields, reached a boiling point Friday after months of turmoil.
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Hillary Clinton trying to delay the release of the results from Tuesday evening's Texas caucus: Texas Democratic Party charges
Kirit Chauhan
The Democratic Party activists now claimed that the Clinton campaign is trying to delay the release of the results from that evening's caucuses, where Illinois Sen. Barack Obama is thought to have a decisive advantage.
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Clintons could have won both Texas and Ohio if they would have released her source of money and tax returns
Sunil Roy
But they do not like the fact that Hillary Clinton is hiding her and her husband’s tax returns. It is time for Bill and Hillary Clinton to tell the world where and how they made their millions.
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The commodity bubble is real now – a steeep 30 to 40% correction in grains, precious metals and energy (oil) possible
Joe Weinman
The commodities have gone up on speculation from cash rich investprs, investment firms and pension funds that have shifted resources from the satock market to the commodities market.
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