As we travel our lifetime in this universe, we pass through gorges while at the same time enjoy the breeze. I will live this life to the fullest while sharing my thoughts in this cyber world.
Docendo disco, scribendo cogito (I learn by teaching, think by writing)
Thursday, July 03, 2008
World stockmarket tumbles
World equity markets lose US$3 trillion in June
The world’s equity markets lost US$3 trillion in June as the global equity market declines that began in mid-May picked up pace and gained negative momentum at the end of the month, says Standard’s and Poor.
S&P are spinning it. In fact, it is aftershock of subprime.
And for Friday KLSE, dropping 30 point are call "lucky". 50-70 points are "predictable", 70-100 points call "so close". After that, KLSE will suspend trade.
BTW, Ringgit are TOO strong against dollar. It make US stock cheap, if wall street take another plunge.
Of course the world stockmarket tumbles. Why not? Our country is at chaos. Foreign investors are in anxiety with the current situation. Public are becoming more terrify of this "reformation" made by Anwar. Correct me if I'm wrong. Thanks.
It's a new phenomena and the commoners are caught in this euphoria.
Wisdomthinker,
You may have observed correctly. But then, fund managers are here to make money, and as long as this volatility gave them opportunity to reap profits they would do it, and it may not be for sensible reasons as long as opportunity is available.
8 comments:
the question is... who gained from all this?
S&P are spinning it. In fact, it is aftershock of subprime.
And for Friday KLSE, dropping 30 point are call "lucky". 50-70 points are "predictable", 70-100 points call "so close". After that, KLSE will suspend trade.
BTW, Ringgit are TOO strong against dollar. It make US stock cheap, if wall street take another plunge.
Zewt,
I really don't know who gains from all this.
Moo_t,
I'm not sure but I talk to investment experts and they seems to be quite positive that the market will stay afloat as there's still a buy call.
Maverick
The analyst overlook lah!
Stock market in Asia stumbled also partly due to SHORT SUPPLY OF BUTTOCKS....
That will be the era where TENDER BUTTOCKS ARE PRICED IN WORLD COMMODITY TRADING.
Now what color Buttock would YOU prefer????
Metallic Silver.... similar to those Mercedes Benzes? High resale value No???
pue-key-mack
Your name can also be a comodity,
Mave can help you in selling it.
JACK
yeah.. hav2 admit that pue-key-mack has quite a knack with it.
and we are engrosses with the sodomee and c4 drama now?
Hello Mave,
Of course the world stockmarket tumbles. Why not? Our country is at chaos. Foreign investors are in anxiety with the current situation. Public are becoming more terrify of this "reformation" made by Anwar. Correct me if I'm wrong. Thanks.
Pui-key-Mack,
You have a good creative mind.
Jack,
You don't be naughty.
CK,
It's a new phenomena and the commoners are caught in this euphoria.
Wisdomthinker,
You may have observed correctly. But then, fund managers are here to make money, and as long as this volatility gave them opportunity to reap profits they would do it, and it may not be for sensible reasons as long as opportunity is available.
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