Wow, DJIA scored lowest since November..

All RED...

Yeah... six years low may become ten years low, it will turn back the clock!
Another 500 points to below 7000. Ouch!!!

This post has been edited by danmooncake: Feb 20 2009, 09:38 PM

Whoosie... DJIA claw back.. .. lost only 100 points.. but still worse than Nov low. I guess market will wait for US treasury detail announcement next week to see how US govt wants to deal
with the banks!

I felt market is like cry baby... no candy (aka. no news).. bam! Tank!

Then, must have the Whitehouse folks to come out and say something to calm it.. down.
"hey baby... you want this lollipop?.. ok ok.. here mama open the wrapper for you ok.. don't cry anymore"

This post has been edited by danmooncake: Feb 21 2009, 07:08 AM

The US govt can't balance their budget today.. tell me how can they run banks?

They should continue to leave it to the private sector as is and if the bad ones fail, let them.
Don't throw any more money at them, just find another buyer for them.

Eventually, only the strong ones will survive and economy will recover.

Hey.. are we still on this topic? I guess so.. since the market hasn't open yet.

IMO, well. the bad banks really gotta. It ruins everything for everybody. If they don't go, this illness/cancer will still continue in the financial market and no matter much much money the govt is pouring into the system, it will just continue to prolong problem because there is no cure. You know..like zombies in movies.. gotta kill them and shot 'em in the brain, there is no cure.. don't even attempt, they'll just bite you and turn you into one. The only people who worthy of living are those untouched by them. Once and for all, just purge them out of the system, yes, it will be a shock to the system but eventually, it will recover.

DJIA will open green!

Banks stocks going up in US because US govt is starting to 'nationalize' banks.. to take
up 40% ownership in Citigroup. IMO, I'm not sure this is a good idea.

This post has been edited by danmooncake: Feb 23 2009, 10:26 PM

5000?
That would take it back 15 years to 1995 level!!!

I think this is just over-selling!! I see there will be pretty good support at 7000.

This post has been edited by danmooncake: Feb 24 2009, 02:56 AM

Sorry guys.. Dow gave back 88 pts today.. drop 1.22% (red).
Financials stocks are up.. but health care stocks took beating.

DJIA is going down below 7000, brought down mostly by AIG.

AIG lost close to 100 billion last year due to insurance in bad mortgages and bank failures worldwide, not just USA.
Now.. it is hitting the insurance sector really bad.. not just banks!

Btm fish??.. It is more like catching falling knives now!!

Get ready for another sea of blood today!!

Yes!! that is exactly what is happening!


Watch out below!!!

Another very important breather that I think the US Fed should do is to restore
the Uptick Rule and temporarily ban those short sellers from pummeling the financial stocks. Just look at SKF.. this thing is flying through the roof.

As expected..DOW opens and heading downhill, S&P.. same direction. Expected to hit 12 years low.
Just another bloody red day.

USD hitting higher. This could go back to RM3.8 very soon.

Folks,

Oil commodity has bottomed, now trading sideways and going back up..
time to load up on Oil and ride it on the way back up.

Reasons:

a) China stimulus is working.. buying more Oil this 3-6 months
b) Opec continues to cut..in about 2 weeks, another million barrel is off the market.
c) Non-Opec countries already in capacity.. no more output.
d) Oil contango is weakening.. oil tankers companies cutting back.



Of course, Malaysia as oil producing country will benefit from this.
Hedge Oil now!

Yeahh..those naysayers are shorts forex players.. now shorts are shitting in their pants because USD went higher.
Some brainless politicians in Malaysia even went to say boycotting USD trying to tank its value.

I think USD could hit the roof at RM3.9 and then come back down from there unless Malaysia economy
continues tank like S.Korean in the next 2-3 quarters or Malaysia remaining 91USbil foreign reserves took another
plunge.

As long as the economy hasn't bottom, we'll see USD goes up higher because of the demand for treasury bills.
With Oil price slowly rallying back up, Malaysia will definitely benefit from selling Oil (in USD) as hedge.

This post has been edited by danmooncake: Mar 10 2009, 12:31 AM

Bernanke spoke, Citigroup says they have some revenue and now DJIA rallies!
Yippeee!!!

This post has been edited by danmooncake: Mar 10 2009, 10:04 PM

I think we should still be cautiously optimistic..
This may be a beginning of a bottoming process. but not ready for that definite call yet.
Wait till next month (April) when banks are going to report their earnings.

Definitely, shorts covering at work tonight... but I'll take that as positive sign.

DJIA RALLIES!!!!! 3 days in row!!!

Bears are nowhere to be seen!!

That's means.. time to sell US Dollar Now!