Dow Jones Industrial average tumbles 261 points as financials push the broader market lower.Dow generated a new signal on friday,As you can see from the attached charts .S&P 500 and Nasdaq also have generated fresh sell signals.Is it time to be cautious , i would assume yes, remain extremely cautious as Indian markets have been outperforming the world markets last couple of weeks.We are showing similiar patterns seen in 2007 october,where world markets were sliding after the first news of sub prime mortgage news was out and Indian markets were rising.Then we all saw what happend in January 2008.Caution is the buzz word.
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