huh~
look like can wait 50% ^^
EU there still hv 17billions debt maturity ^^

CI 1280 may be testing ?

just realize kimlun dropped 37% from recent peak! even without serious doubt issue such as write-back risk in muhibah(45%) .
mudajya with better earnings dropped 34%, fajar with much lower profit last qtr on the other hand only dropped 24%.

Cause they are cyclical stocks mah.

Most IBs were heavily promoting O&G, construction, property (all cyclical) a couple of months back cause of ETF. Now these sectors are the hardest hit.

The non-cyclicals, so-called defensives like JTI, DLady, etc will also drop by big % eventually ........ just that the cyclical stocks always get hit first.

Huuat arrr!!!!

Hopefully today is the bottom oredi.

btw, just curious here.

what happen if they (ECB, IMF, and others) dont lend money to greece? greece goes default right?

so what will happen to euro if greece goes default?

it affects everyone right? so in a way, they dont have much to choose from but to keep lending to greece right?

correct me if im wrong coz im not really a economic/financial guy

if greece goes default, european banks will kena kaw kaw.

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Added on September 19, 2011, 8:50 pmShould change the thread title to:

Save us, Unker Ben! Do the Twist!

This post has been edited by Veda: Sep 19 2011, 08:50 PM

so if european banks kena, does it directly affect asian & US banks/economy?

or could it be just purely fear that drive everyone to sell and hide in the bunker?

This post has been edited by ham_revilo: Sep 19 2011, 08:51 PM

I'll say it's both.

World economy situation is tough now. 1 uncle Ben is not enough, we need 10 of them.
We call them Ben 10

BEN 10 the world rescuerrrr !

Nice! My wish came true.. KLCI pierced through the last low of Aug 9th, with higher prior volume.
I would cover here.

Let see if some bulls are brave enough to start buying here. There's a very steep cliff below 1400 all the way to 1370.

Btw the way, those praying for Uncle Ben to appear... just continue to pray.

This post has been edited by danmooncake: Sep 19 2011, 09:47 PM

check in...

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Added on September 19, 2011, 9:58 pmstock futures are red...

This post has been edited by paikut: Sep 19 2011, 09:58 PM

We need to phone the PM of China......not Uncle Ben... Uncle Ben has no bullets left..

Yea, we need Kung Fu Panda

maybe uncle ben will print more money out to rescue the world?

Greece default, never mind, bond holder lose out only.

Who are the bond holders?
Banks.
Banks losing big money, and affect its liquidity and credibility and confidence is the biggest nightmare of economy.
Economy cannot work without banks.

Now, you see why I said before, we are seeing the disadvantage of globalisation, everything become inter-related.
US banks can lend money to European banks. Money can be transferred from Euro to US and vice versa with a click of mouse.
Globalisation, means you die, I also suffer, everyone is inter-related.
Somebody did wrong thing, but you still need to bare the consequence, just the degree more and less.

See how US QE1+2 aftermath, Asian countries across generally are struggling to contain the inflation pressure?
Asian countries did nothing wrong, they are not venturing into RE bubble, they are not venturing into risky derivatives, exotic derivatives, they just work hard and save enough money for themselves. But we see foods price sky-rocketing, house price shoot to the moon, and many ordinary worker class are not able, even servicing a loan.

If not globalisation, it is your matter, the degree of affect is not as great now.

Don't get me wrong, I am not against globalisation, it has vast advantage, but it is not flawless.

What happened to Gamuda??

There is nothing wrong. Every counters are affected by the bad market sentiment.

Sound bearish

lol... need to put a link to this post.. else the same question will pop out every now and then...
what happens when greece default.. how are we affected by greece... etc ...