With the stock markets around the world crashing and reaching new lows doubts are being raised as to whether these markets have reached the bottom or is there anything else to come.

It seems that there are no rewards for guessing which way the stock markets would move. Across continents and countries irrespective of the individual economies the stock markets seem to be crashing. It is not only the tech heavy NASDAQ which has reached new lows but also the other broad based indices like Dow Jones and S&P 500 which have gone below their psychological barriers. NASDAQ has gone below the 2000 point mark. The 5000 mark, which it reached in March last year, seems to be a distant memory. An effective fall of 60 percent in a period of one year. The Dow seems to be not far behind. It reached below the 5-digit mark of 10,0000, for the first time since it got there. The S&P 500 index has lost more than 20 percent since March 24 last year when it reached the peak of 1527. All these show that though the slow down is lead by the Information technology sector it seemed to be catching up with the other sectors too. Company after company have come out with profit warnings. Name a company, and in nine out of ten counts your choice would be there in the unending list of companies declaring warnings. What is shocking is the fact that industry majors from Cisco to Intel are grossly missing their targets. This has inadvertently affected the investor’s sentiments. The talk of slowing economy and reduced consumer confidence has not helped either. Most of the companies are taking turns to cut the work force. This directly affects the consumer spending fuelling the slowdown.

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