IS USA the main problem?

Date: 17.01.2008 IS USA the main problem?As far as our clients & we concerned the US sub prime & related issues are already expected one month (December 2007) before that’s why we recommended our clients to sell 95% of position just last week. Our target in sensex remains un touched low level_______ _. There are some exceptional shares; we believe these shares to go higher levels even in negative market. So these 5% shares will be in focus in negative market.We are not expecting US problem to affect our earnings slow down directly our GDP growth, but there is one problem that cannot be avoided. As the other markets are depending mainly on USA those market will suffer painfully. The problem we are depending on these markets so the result is same.Even though the main problem we are expecting is coming Budget. The coming budget is very important than US issue because this is last budget of UPA, so this time they are planning to support poor people but not the market or companies. It’s an election trick. Even though the Finance Minister stated that there would be no change in GDP forecast Budget, we are little bit confused as the ruling party to face election they can go heavy pressure making budget to poor peoples favor.Lets wait for the big event……