- Wealth PMS (50L+)
This week has killed the index, which fell 7.2% to go down just 3% above the last critical low of 4747.
(Click for larger image)
It has been an incredible trend down, almost as steep as the way up. Sectors for the week and month:
Altogether very destructive for the markets – and much more for realty, banks, metals and in general, midcaps. Realty stocks have now fallen 43% for 2011.
With a few hiccups and rallies I expect the overall trend to continue.