by the way, how is your current situation for Futures?

The Dow looks so toppy now.. every Tom d*** and Harry already bought in ahead of Fed decision.
I may pull another short sell here to grab a few points for day trade - I'm expecting sell off after that.

US Fed now on freebie freenzy. Everyone is already sugar high, they keep pumping it out.
Crazy, isn't it?

Across the Atlantic ocean, it doesn't look like UK is mending. I think they're more realistic on
the true state of the economy. They're in deeper recession that first thought.







This post has been edited by danmooncake: Aug 13 2009, 12:57 AM

no wonder u say appreciate or depreciate also u can earn money

go for both long and short...

Yes, that is correct. Bulls and Bears can also make money.
Perhaps this is only in the crazy American market.

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Added on August 13, 2009, 1:37 amYes, that's unfortunate. US Fed may not decide raise interest rate until for another 3-6 months.
Even if it does, it will be like 0.25 pts. I see US may want to continue this "quantitative easing" for quite some time until their economy mends. At this moment, have to buy/sell stocks and hope for capital gains instead of putting in FD for now.


Update:

DJ 9361.61 +120.16 +1.30%
NAS 1998.72 +28.99 +1.47%
S&P500 1005.81 +11.46 +1.15%

Am I happy today because of stock rises? No.
Because I knew the bulls can't hold at the top, at closing, DJ gave back 40+ points.
I've shorted at near the top, and covered at closing to take some profits.
Thanks Mr. US Fed!

This euphoria may continue on for now. IMO, the higher it goes, the wider the swing, the further it may drop.
We will see a double dip later.

This post has been edited by danmooncake: Aug 13 2009, 05:29 AM

Hippie...... today will be another bull day for KLSE.............. let's buy before we miss the boat...........

checking in! lets ride the bull today!

will it be GREEN today? Do not ASSUME..

we dun assume... we predict

checking in

it will open green =) definitely

Good morning..
Huat ar !!

Good that you change your avatar. No more time bomb for KLCI!

KNM gonna jump a few tick this morning! come on!!! reach 90 cent fast fast

Not the OPENING, what I meant is thorough the day.

Many cases, GREEN opening RED closing.

KNM I don't think can move much... Foreign fund still disposing...

well...FED maintaining the interest rate at the current low can somehow boost investor confidence right? people rather put their money into higher yielding instruments

Yeah! Hope my new avatar bring me good luck.

KNM GONNA JUMP! YEEPEE!

but dun forget, we are in MALAYSIA not USA. When the whole WORLD in RED, we are GREEN.

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Added on August 13, 2009, 9:00 amLION
LCL
KNM
SCOMI

This post has been edited by zamans98: Aug 13 2009, 09:00 AM

i got a gut feeling today CI will breach 1190

Ha ha!...."boosting confidence"?

People just prefer buy stocks because fixed deposit is too low. It doesn't really boost their confidence.
It infact adds more volatility!

Stocks are so overbought now..this "confidence" will be shoved out the window very quickly.

This post has been edited by danmooncake: Aug 13 2009, 09:09 AM