QUOTE(David_Brent @ Oct 2 2009, 10:41 PM)
Think the market took the hit yesterday....
The non-farm employment data was leaked like a dripping tap so investors weren't really surprised this morning IMHO.
Also - unemployment is a long-term threat to the recovery (no question about it) but these data will mean that corporate earnings should improve dramatically in the next reporting season and through the end of 2009 because of productivity gains.
Q: What do the markets like?
A: Earnings

yah.. earnings is the king... but also need to take note that things will eventually come back to those corporations when there is less and less consumers able to buy their products/services..
also, from what i heard on bloomberg, they are blaming SME for not hiring enough ppl....
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on the other hand, i wonder what headline they'll put later...
now is "Stocks fall as job losses rise more than expected" To "Stocks recovered despite mounting job losses" ?

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my dad told me CIMB has the biggest market cap in KLSE now, followed by SIME, Public , Maybank and Axiata if i remember correctly...
This post has been edited by mopster: Oct 2 2009, 10:54 PM