What is Dow doing? This is the man behind the dow! Really ! Not really. He calls the shots as to rate cuts and rate hikes. Name is Ben Bernanke. The last Fed Meet speech him nicely put in a statement that the sub-prime issue is still there and the American government is too concerned. The good part that he mentioned was that if required, a rate cut can be implemented. That day the American markets did not go down but in fact rose up later coming down, closing well into positive. This is one issue which our Indian markets have to consider. Open the television and all channel tell you that there is a rate cut coming. What that does is secondary but we must anticipate a rally sometime in the near future in DOW coming.
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