The mint piece in the morning was thought provoking reading. The market response much on expected lines. Last time in August 2008 we saw $15 bln of portfolio flows leaving, this year only $2 bln is the net addition till june,. However foreign fund managers would have to perforce liquidate over the next few weeks as they cannot stay in emerging markets with so much pressure on the US markets for most investors and speculators know better than to start to early

Goldman Sachs has already upgraded India citing weakness in Oil and good performance etc

As advised in a piece at http://advantages.us Global markets' correlation is upward of 70% this time across Turkey, Germany, india, China, The Dow and even the MIB that can affect the S&P Performance and that of the Sensex thence. Be careful.

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