That's over in US. That's almost expected because of their consumers cut back.

Anyone know what is OUR retail sales figures?
Will our KLSE stock pullback based on their sales figures (I dont' see any connection here...) ?

This post has been edited by danmooncake: Jan 15 2009, 01:18 AM

Wow, got burnt from US stocks. Haha, lucky still got net.

Anyways, just checked that the managing director of Ramunia acquired 500,000 shares. JUST FYI.

Hopefully dow will recoup some of its losses but we'll see. Still got 3.5 hrs to go.

Will we see Crude Oil test US$30/barrel?

It is just too cheap now.. I'm ready to buy more oil..

that's weird? why dow need to recoup losses? what we hope now is total devastation
of stock market so that we can get cheap price.

'Total Devastation' is probably too much because that would collapse all confidence and
even if you manage to buy cheap..it may not recover.

Some of those overvalued stocks may need to come down even more.. then that is better!

Examples: Proctor and Gamble (PG), Johnson and Johnson (JNJ) and MacDonald (MCD).
Those are great recession resistance stocks!

Dont mind me asking, where u checked from?

---

Added on January 15, 2009, 3:44 amWall Street: A triple-digit Dow selloff

DOW
-206.92
-2.45%
8,241.64

NASDAQ
-42.96
-2.78%
1,503.50

S&P 500
-24.47
-2.81%
847.32

This post has been edited by mindstorm: Jan 15 2009, 03:44 AM

DJIA plunged nearly 250 points: 8,200.14 -248.42 -2.94%

Goreng goreng

I got incentive when I do intraday contra. If you view transaction history, you'll see which shares gives your the incentives.
PS: look at Premier 1's account!

[quote=voon71,Jan 15 2009, 12:39 AM]
[quote=darkknight81,Jan 14 2009, 09:30 PM]

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Added on January 14, 2009, 9:36 pmOne more question here. What is the short term trend for our KLCI? For me i think at current level can unload stock already as downtrend is coming.
Just throwing out some ideas here.
1. US financial crisis. I think this is only the beginning. The outgoing Bush administration seems to be doing a patch job on the economy/ bailing out his cronies, leaving Obama holding on to the bag. It would seem to me that an outgoing administration will cover up whatever problems there are (unless they got too big to handle) and quietly exit the scene. The next administration would be blamed. Therefore, whatever we've seen so far is only the tip of the iceberg. I think that after Jan 20, there're a whole lot more surprises waiting in store. No, we're not decoupled from US economy and I don't see President Hu paying us a visit after Black October 2008. He did visit Indonesia though. As for our local efforts; Peru, Kazakhstan, Pakistan......we need FDI to preserve the value of our infrastructure.

2. The local property scene is artificially supported by our government. There are not enough takers even before the first half of 08, much less after that. The property bubble was popping even before October hit. You'll notice our developers get a lot of leeway over government policies.

3. Goldman Sachs manipulated the oil price globally. Who knows, who is manipulating it now. I think it is being kept artificially at a low price. For a finite commodity, the price fell too fast, too much.

4. Gold price is being manipulated. I'm not even sure it's too high or too low.

[/quote]

Yup agree with that. But now everyone is putting their hope on obama. Everybody beliv that obama can bring us to the road of recovery.

We live in a small world...

????? dunno good to enter today or not .. CI sure slump but will tml still like tat .. will DJ drop more 7K tonight ????? many questions in the mind

Shopping day? Citigroup plunge so much last night..lol

Hmm.. Any good deals in mind today?

Its gonna b a red red day....

But will there b some big rebound for intraday trade? hehehe

market is full of surprises, wat if diarhoea doesn't stop today?

i supposed the diarrhea will not go at 1 go...it will b slowly a bit a bit...

Laut Merah.. So red red red.. cant see already.. sinking feeling is back..

-20points!!!

Wah. Blood is everywhere.
KLCI is having its period today.