Is it ?     I should postponed my shopping spree.

Well, anything could happen. It's just my prediction anyway, market doesn't 100% will follow it
Usually i depend on chart to build my market strategy, but seem trend is not that good now.
Somemore, next week will be another turnpoint where big US investment house like Goldman & Morgan Stanley will release its quarter report.
Given Lehman results not quite impressive/BAD, it will affect investor's confidence on next week report.

Seem you have bought AirAsia-CD at half cent, now price is 1cent liao. Sell tommorow & can gain double fold liao..hehe...
Dun be greedy wor. Sell while you still can.

The Fed Beige book is being released at 2 am tonight.. (while i be waiting for Portugal vs Czech) and the words will be scrutinized closely by investors. Right now, investors think the US economy might dodge the recession bullet, but with signs of stagflation looming, many are scared to invest their money in US equities. Also, on another note, the crude inventories is going to be released at 10:35 pm tonight, i am expecting a fall in inventories of 2 million bpd. anything highter than that, we might see a rapid spike in crude prices again.

IF both reports are indeed "scary" for the investors, we might see a fall of 200-300 points. To avoid a big drop, the FED has to convince investors that they are not planning to raise rates soon but there have been huge bets pointing to a 75 basis points increase.

Take a look at US Treasury 2 year, its now 2.09%; and US dollar has rallied to 1.54 against the Euro after Ben's gungho speech. I am afraid Malaysia will have to follow suit; as UK, US, China, Australia had all reported acclerated CPI/PPI.

US CPI / PPI this friday. FRIDAY 13TH !!!!!!!

walao.. sounds very scary le....
cham lo.. i got many shares in my hand now....
both KLSE and US market....     

Here's one interesting article:
http://www.cnbc.com/id/25094854

Pimco's McCulley: Government Understating Inflation

Same situation here in Malaysia. IT's very dangerous if BN tries to deny that the country's inflation rate is "controlled". IF inflation which i think is already out of hand, Bank Negara will have to increase interest rates (bigger raise, and a much faster rate) in the future to combat inflation.

but there come ressesion also when there is increase in interest rate. It will have more impact to the economy of the country.

Well, anything could happen. It's just my prediction anyway, market doesn't 100% will follow it
Usually i depend on chart to build my market strategy, but seem trend is not that good now.
Somemore, next week will be another turnpoint where big US investment house like Goldman & Morgan Stanley will release its quarter report.
Given Lehman results not quite impressive/BAD, it will affect investor's confidence on next week report.

Seem you have bought AirAsia-CD at half cent, now price is 1cent liao. Sell tommorow & can gain double fold liao..hehe...
Dun be greedy wor. Sell while you still can.

Hi aretla,

Have u thrown all the 4715 stock? How many you hold at the moment? Im scared the market will tumble down very soon.

Thanks.

Nikei down almost 2%. China's CPI report is due.

KOSPI, TOPIX, Shangai Index, Bombay Sensex and DJIA will affect CI trading today. Judging from last night events, BLACK FRIDAY IS VERY LIKELY.

Word on the street is Goldman Sachs have more writedowns next week when it reports its earnings. Also, Lehmann is needing another huge capital injection which is highly dilutive to the company's shareholders. Any bank run on LEHMANN next week will see DJIA collapse almost 300-400 points.

US jobless claims & retails sales due tomorrow, CPI/PPI on Friday.

HOLD at your own risk!

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Added on June 12, 2008, 8:25 am

A recession is a easier problem to handle, while a lingering inflation hurts the economy longer. Therefore, its "best" for the government to raise IR soon because the economy suffering from inflation will require very drastic measure in the near future.

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Added on June 12, 2008, 8:30 amWill China raise INTEREST RATE or let YUAN appreciate more? Another RRR increase?

Tick Tock Tick Tock

Shanghai / Hang Seng to crash today?!?!

wat is 4715?

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Added on June 12, 2008, 9:14 am

walao eh.. wan scare me like this meh...
if not HOLD.. hurt painly leh.... wan meh...?