Walstreet Today : March 19,2008

Source : cnn.com/money

Markets lost all the gains today which were accumulated yesterday on account of fed news. Dow closed the day with 293 points down, losing 2.36 in percentage terms. NASDAQ and S&P also down by similar percentage points.

Triggers :
1.Surge in Dollar and drop in commodity prices(negative)
2.Morgan Stanley's better than expected earnings (positive)
3.News that regulators will let Fannie Mae and Freddie Mac buy more home loans (positive)
4.credit crisis fears (negative)

Overall Market breadth is negative in today's trade

What to expect tmrw : There can be a short term rally during the trading day because of short covering as Friday is holiday on account of 'Good Friday'

Impact on India : Indian Markets will remain closed on account of festivals and will open again on Monday