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Friday, October 19, 2012

Black Friday first hand account

A firsthand account of the Black Monday, the day where the market plunged 22%

A sequence of events made the market bearish. Events like tax raise in Germany, import bans in USA , important government personal on health leave and gone abroad, international markets going down, non availability of credit lines by banks, currencies maters with Germany. All of these together resulted in record fall of Dow Jones and points at Chicago and newyork stock exchange which ultimately lead to black Friday.

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