Monday Carnage happening after Friday Carnage

Indian shares opened in red and started following the friday trend and it almost fell sharply to a new 14-month low in early trade Monday and still its in red by almost averaging points not less then 450.It just replying to a broad-based sell-off in Asian equities, after a S&P downgrade of U.S. government debt heightened concerns over the growth outlook of the U.S. economy amid fears of a global double-dip recession.The S&P on Friday downgraded the long-term debt rating of the US from AAA to AA+ and continued with its negative outlook. This could lead to some immediate turbulence in financial markets, however, investors are likely to focus on ‘relative’ ratings in their investment decisions.

Wallstreet Plunges worst fall since December 2008

US market yesterday saw massive crash and All three major markets got into negative territory for the year as investors were rattled over an intensifying global economic slowdown and ahead of the widely-followed monthly unemployment report.
The CBOE volatility index surged more than 35%.Dow Jones Industrial Average slipped 4.31% or 512.76 points at 11383.68. Nasdaq Composite shed 5.08% or 136.68 points at 2556.39. Standard & Poor’s 500 shed 4.78% or 60.27 points at 1200.07.