FKLI 905 only. will close in red?

I have a question here:

As said the prices before today already factored in the winning of Barack Obama.
Corporation earnings are expected to be dragged down with the tax policy that Obama advocates.
Why the market was still at the upside despite all these expectations?
Emotion?

goreng stock AXIS -15.22%

I don't reckon recent rise in stock market is actually because of Obama factor. It is more on last week or last month stocks all are beaten hard around, after massive sell off, market rebounding couple with US president election which give people some hope.

It is a bear market rally.

But having said that, new situation, people tend to put some new hope in it.

Most Asia market pulling back a little also

A recession is already taking place.
If you can read Chinese, try to visit the Stock Investment section of Cari.com.my.
It is a good place to see the major emotion of small individual investors, they have been showing ecstatic emotion for the past few days and even now.
Obviously us in Lowyat.net are starting to fear now.
The website is really a funny one, seeing how those investors with low investment knowledge respond.

u were saying? lol

Not really, we feel excited instead seeing the stock price decline

wah investor start buying back

i wouldnt get into it yet. so far can see try as they might, cannot push back up to be profitable. for small timers la anyway. big timers your volume can make up for it T.T

Waiting at 20sen

Europe also in red. global kaputing already

i got the same feel as urs

Better wait for saham mana 2 boleh beli.

This post has been edited by SKY 1809: Nov 5 2008, 04:11 PM

we will see 800 again huhu

Me too...

800? i dont think it's going to be that serious...no?

When comes to T+3. then could be lelong time with today big volume.

Dow Futures -137

Dow futures down by 103 pts.. Not suprising, USD YEN only at 99.09 currently.. declined from high og 100.45