March 2009 Prediction-US market

US market-March 2009

 

Cards indicate further and deeper correction particularly in last phase of march. Some bounceback in expected in second week but may be insufficient to induce optimism in the US market. A correction of 500-600 points from current level is quite possible

 

Indian market -March outlook-revised outlook

 

Please read March prediction in previous post.

 

It is expected that second half of march will see more correction thus reflecting prediction for US market. ( prediction of net gain in  indices on a monthly basis should therefore be taken as a high risk prediction)

 

Usual risk disclaimer applies