News from Malaysiakini:

Gavernment will pay some cash for motorcyclists and small-car owners in term of Postal Oder.

Luckily, I still own a 15+ year old motorcycle - Yamaha 100.

AdamG1981,

You should stick with your short position initially at 1270, now only 1230, 40 points or RM2k gain already. You make the right move but can't hold your breath and make contradict long position in short period of time or next day.
I taught you view bearish about the market.

fuel increase 72cents...to RM2.70!!!!!!!!!!!!!! OMG....i wan go c scooter liao!!!!!!!!!!!!

The new price of petrol is RM2.70 per litre beginning midnight tonight, it was announced a moment ago by Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad. Diesel will go up by RM1 per litre while the price for ULG 92 per litre went up by 74 sen. The 78 sen hike or 40 per cent increase for the ULG 97 petrol is still below the antiticpated RM4 per litre price projected earlier and among the cheapest in Asia. - NST

KUALA LUMPUR: The government will scrap ceiling prices on petrol and diesel in August, and allow market forces to determine pump prices after incorporating a new subsidy system for lower-income groups.

With the increment of petrol price, subsidy restructuring & oso increment in electircity...

Do you guys think this will bring a bull 2mr?

Or will it b only a short bull run before the bear comes back as price increment will raise inflation & in turn hurts company earnings & consumer spending

In fact,some of the news already being speculated in the afternoon and thus,the weak  market sentiment in today's afternoon session.

Even the proposed increase in electricity tariff was rumoured in the late morning,and hence,the increase in price of Tenaga.

As today's market has already factored in some of the effect of the announcement,tomorrow's market may not tumble that bad after all.

Just my two cents.

Until more bad news surfaces, I think market won't drop much more.

Based on all of the sifu experience, will tomorrow be green green ?