yup. volume very "chah" for few days already foreigner no eye c we all ka?

tomorrow us gdp/ consumer sentiment (consensus) result coming out. hopefully can make some quick gains then exit b4 market close. monday seems 50/50

This post has been edited by speed7791: May 29 2009, 12:00 AM

wah... really need balls of steel to do that

US unemployment number should see an increase the following month or months ahead. GM's bankcruptcy will definately have an impact on the unemployment numbers. whether the market has already discounted that remains to be seen.

[quote=danmooncake,Jun 1 2009, 01:19 AM]
I think speed7791 point is more on unemployment effect caused by GM rather than the concept of Chp 11 bankruptcy per se.
GM closing of its distributorships and shutting down orders will definitely have domino effects.

Yes, the market will expect a huge number of unemployment in US (and elsewhere too because GM imports a lot parts from elsewhere) but whether it is larger or smaller than expected remains to be seen. I expect US unemployment to go double digit soon and if the claims are much much larger, 2%-3% higher.., signs are indicating not getting 'less worse', we'll see further pullbacks.

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Added on June 1, 2009, 1:22 am

thanks danmooncake. thats exactly what i meant. i agree also on your other point that we could see further pullbacks. what i'm concerned is how big a pullback we'll see. last i checked emerging markets haven't found any 'new' customers. everyone is hoping for our 'regular' customers to recover so things could go back to normal.

at this juncture, many ppl will debate. i for one rest my case n will go with what i believe...

i've liquidated most of my positions n hope to take a rest by this week, hopefully.