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

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

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

'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!

Say..list your favourite blue chip and target price...

True, each company will have their own policy and can make their decision at earnings reporting date. But, whether the
had issue dividends in the past, isn't that published in their company prospectus or their annual report?
Usually, a good brokerage firm will have the info on that company you may want to invest in.

Of course it is..almost everybody was crying blood earlier in the evening.. now it is positive by morning.

Definitely no clear way to see which direction it will take.. the market will go where it wants to go.. it doesn't care
what other thinks, no doubt about that!

As for OIL, $35/barrel is not bad.. but $30 is may not be too far fetched either..due to excess inventory but looks like
OPEC is going to tighten the faucet up another notch. We will see OIL will climb back up sharply in 3-4 weeks time.

Some of those losses already been priced in.
BAC got $20B+ from govt.. and US govt doesn't want them to fail.

Investors still do not like it yet. because their balance sheet sucks!

BAC may be a BUY at this price: $7.5 to $8.0


Next Monday, Wall Street closes for holiday.. on Tuesday, Obama becomes President, so we may have a inauguration day
rally on Tuesday.

This post has been edited by danmooncake: Jan 16 2009, 10:46 PM

Dow will probably rally next week after OBAMA steps in office - perhaps for at least for brief relief.
Good points on the TARP and the upcoming stimulus package, not I'm not banking on them either for short term.
US won't recover until we can see their housing price bottom and it hasn't happened yet and their banks are still bleeding.

What about China play.. what happened to their US600 billions that was announced last year?
That's almost 15% of their GDP? China could be the one who will lead the World economy out of this mess, they're
going to buy up more commodity stocks like oil, steels, etc. and drive up the consumption.

For our own stimulus.. only measly RM7b .. less than 0.005 of our 2008 GDP. Our govt is so damn kedekut.
No wonder, our KLCI is so damn low.

This post has been edited by danmooncake: Jan 18 2009, 03:26 AM

Really? You mean the RM5 bil loaner investment made by ValueCap?
Gosh.. this is so damn dangerous. If ValueCap go bust..
all will be gone.

Ha! That true...

US calls it Daylight Savings, UK/Australia calls it Summer Time.
Tropical people like us are clueless on the clock adjustment throughout the year.

Right now, NYSE is on Eastern Standard Time (non-DST), essentially 13 hours slower than Malaysia. Later, in the first weekend of March '09, they will fast forward 1 hour, it will be 12 hours slower than Malaysia.

The other four seasons Asian countries like China/Japan/Korea don't observe it anymore.. perhaps caused too much confusion with its Asian neighbours.

---

Added on January 19, 2009, 8:56 amWell, I believe that Chinese New Year is going to be a great year for the BULL run.. hey,
it is the year of the great OX anyway!! I'll be buying on every dips!

This post has been edited by danmooncake: Jan 19 2009, 08:57 AM

The Bull (Ox) will be born on Wednesday... so we all hope this will be a good year!!

Of course it did. IMO, the OPEC cartel is too really powerful. Even the global consumption has fallen due to recessive economies and much of the oil price has fallen due to excess inventory. However, OPEC doesn't want oil to be below US$40. Their intention is to have oil price at around US$70/ barrel so that they can profit better. They can very easily bring it back up by tightening up the well to reduce production, which they did last month. It is difficult go against them unless we truly have alternative energy.

During the last few bad earnings report for the last 2 weeks... DJIA just won't stay below 8000 for long. therefore, I think the market may already been bottom despite all the bad news.

With the US House passing the 800+billion stimulus and it won't be long before the Senate most likely will pass it, we could see a huge rally.. even tonight.

Time to jump in..already... don't stay on the sidelines anymore otherwise you'll miss the bull run.

Damn... it just won't break the bad spells.. every time it went up above 8200... bam,
it gets hammered down again.

US GDP was bad .. but not as bad because they were expecting -5.0%.. but it drops only to 3.8%,
so there wasn't much of a pull back yesterday..but this is the worst January numbers.. for the last 10 years.

Online retailers like Amazon and Overstock were amazing.. they beat street estimates.. couple of upgrades for them.
In these economy, online retailers continues to pull ahead of the traditional brick and mortar.

As for Steel..global prices are still falling.. look at US Steel and Arcelor Mittal. China 500 billion infrastructure program hasn't kick in yet.. no big demand from them yet. US Caterpillar still seeing their orders being slashed for next quarter.
Let see if US govt can work thru their stimulus plan and finalise those crazy bad banks list.
Damn.. I think Citigroup will probably die. They're big bad one!

Anyway, anyone.. been monitoring price of GOLD lately... phew, looks like going to the moon!

This post has been edited by danmooncake: Jan 31 2009, 12:38 PM

Good points for long term investors.. Remember to stay as diversified as possible.

I think like any other day.. it will bounce back shortly after some bargain hunters come in and snap those cheap stocks.
Sigh.. seems like it is going no where for now.

Yeah.. that's pretty high..for US.

Hey, btw, anyone got unemployment numbers for Malaysia? How come it is so damn difficult
to get these kind of stats in our own country? Not really sure if we're doing ok or not until our govt
tell us so.. and even that.. it is so vague - not sure to believe or not.

DJIA rallies 200 points.. even with bad job data in US.

Wow! This could be the bottom!

True...USD is not like Iceland Krona or Zimbabwe dollar. It won't become toilet papers anytime soon unless the US govt collapses or the US largest creditors (ie. Japan and China) decide to dump them. Right now, they are largest holders of USD in Asia and they certainly do not want to turn this into toilet paper. They want to continue to use their USD to perhaps buy more assets from other places and invest their own infrastructure built-up.

Heck, even Malaysia govt holds more USD than any other currency in reserves.