There was a little bump on the stock market. There are financial issues at China, Europe and even US. Most of the world stock market had been up a lot since March 2009.
DOW last 1 year performance
FBM KLCI last 1 year performance
Lately bump caused most of the index erased previous months gain. DOW back to 10,000 level after dropped 7% from peak. And FBM KLCI was below 1250 after dropped 4.6% from highest point. Shanghai Composite Index dropped 9.7%…
DOW past 3 months performance
FBM KLCI past 3 months performance
And finally the stock that I use to monitor ~ Tanjong PLC. It is still above SMA 50. But going to break it soon if all the stock index still going down.
Tanjong PLC past 3 months performance
Back to the question… Is stock market going up or down? Or a far more correction is coming? Hmm… That’s the question that I cannot answer. Look like the stock market is going for side way. Riding the roller coaster.
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China is rising but the possible ‘bubble’ market makes all the investor worry
Financial stocks got hit the most.
I read somewhere before that stock market is always 6 month ahead. Maybe that is the reason why share price is going up a lot even though economy still uncertain.
Possible