Wednesday, February 18, 2009

What is Happening?

What is happening on equity market? When DJ hit down 297 points, it would not brought HK and Malaysia equity faced heavy adjustment. That is mean market had looking its' own way to run and furthermore DJ heavy adjustment become normal. People would not care about its' performance. KLSE index run such way because several reasons: -

a) umno internal election
b) Mini budget

The above 2 factors are brings market consolidate at this level, that is about + - 20 points. Contra player get hit because of short of holding power and minimise price range. If you had have strong holding power, UMNO/politic related stock is a good choice. A good news had declared by Obama there are about 75 billion USD inject into housing loan to help 9 million families.

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