Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

Dow down 366, Oil near $90

19 Oct 2007Deepak Shenoy1 min read

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What is "Dow down 366, Oil near $90" about?
What category is this article in?: Commentary
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 19 October 2007.
How long does this article take to read?: 1 min read

The Dow Jones Industrial Average is down 366 points, or 2%, on Friday. This has been attributed to lower earnings, oil prices close to $90 and general recessionary concerns in the US.

Note: the media will blow this out of proportion over the next two days.

Stil, I wish to caution you that if we fall like crazy on Monday, it may be a reversal that prompts action. My suggestion: Don’t do ANYTHING on Monday, if you’re not a trader. Wait for the closing and then decide. Don’t use stop losses intraday as life will be extremely volatile.

Just a note to say this is quite serious, but don’t panic.