Hah! Only now does our gomen realize how grim the situation is.....

http://www.themalaysianinsider.com/index.p...ic-najib-admits

Unless REIT continue to give you very high return and the high dividend stocks continue to give you expected yield and economy will break from recession soon. Else what you did is like playing with fire. Anyway, I salute you for the courage and your positive outlook on KLSE and the current economy situation. For me, I'll continue to balance out my cash:equities.

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Added on February 17, 2009, 8:11 pmThe problem with our gomen is they takes time or are ignorance of the current situation, thus they did not come out with good stimulus plan to counter it in phase 1. I expect phase 2 stimulus will be more or less the same, which will not stir the economy.

This post has been edited by jasontoh: Feb 17 2009, 08:11 PM

3 months later, gov will admit recession no longer can be avoid

Hopefully that won't happen....

Is it possible Bank Negara decide cut to interest in coming months?

This post has been edited by Junior83: Feb 17 2009, 08:46 PM

Cut interest rate won't help that much. People still prefer to keep money in the bank regardless of the interrest rate.

No, is to reduce the burden of SME finance and spur the consumer spending.

But it still can't boost up consumer spending. For example, if you have a house loan and you only save about RM100 due to the interest rate cut. But do you think consumer will use that RM100 to spend on other thing ?

Hopefully there is be rally at USA after Obama sign the Stimulus Plan . I lost too much blood for 2 days already

Dow : -210.59

http://biz.thestar.com.my/news/story.asp?f...89&sec=business,

GPacket might soar ....

i just finished reading the star newspaper, read about this article too.

i did monitor this counter these few days, its share has been plunged since the recent peak isn't.

this piece of news is today's news, but it doesnt stimulate the price to jump. maybe as per the newspaper claimed, can get some before end of next month, buy on rumour, sell on news.

Look like we are going to do a lot shopping tomorrow with cheap prices since DOW is bleeding too.

Looks like company related with Timber have good chances to go up

http://biz.thestar.com.my/news/story.asp?f...08&sec=business


Hope that Evermas kena goreng!!

This post has been edited by edwin32us: Feb 17 2009, 11:36 PM

Dow is like 40 pts away from the lowest closing in november!!!

It's down 200 points now:

7,625.32 -225.09 -2.87%

Coming Friday is the third week of the month option expiring and also with the poor Empire State Manufacturing Index -34.7 vs forecast -23. Wait for test $DJI 7500. Money now flow to precious metal gold, silver, copper.

Looking at current condition, its not impossible for DJIA to drop below 5000pts. Its a economic plague now. The next level of bad news may be credit card default rate. As ppl had a hard time to pay off their homeloan, credit card would be the only option left.

Both the US and UK govt have deflation problem now, BOE and FED already in the money printing mode (buy govt bond). They may not want to see equtities market free fall and the market is indecisived. The good news is both Baltic Dried Index and copper future are moving up.

i can assure you, you have made the correct decision

i dun understand how people could summarise "Stimulus Plan = market up". Every stimulus plan will need time for market to study whether it is sufficient enough or not. Stimulus plan doesnt mean the US will throw USD787million straight away into the economy. It is just a plan on how to address the issue.

If you listen to those so-called analysts of The Star, then you deserved to get your hands burnt. Look at the company's balance sheet first. Then look at the profit & loss reports. Green Packet announced to Bursa yesterday a net loss of RM38.66mil on revenue of RM25.47mil for the fourth quarter ended Dec 31, 2008 compared with a net profit of RM231,000 on revenue of RM26.46mil in the previous corresponding period. Green Packet also posted an annual net loss of RM59.48mil on revenue of RM88.43mil for the last financial year..

Frankly speaking, i dun think the DJIA will go as low as 5000. It will or it might breach the 6500 level, the hardest question here is - how long will it remains in the doldrums.

-297.881 now. Not sure how about KLSE today ?

DJIA closed with nearly 300 points:

7,552.60 -297.81 -3.79%

I think today is a good time to buy.