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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All the Asia stock markets stumbled on 14 May 2009 after US stock market DOW, NASDAQ and S&P dropped around 2-3%. Most of them dropped 2-3% too. Only China and Malaysia KLCI dropped around 1%. Is Malaysia stock market better than others? I don’t think so. Most of the high volume stocks do not reflex the real value with the current market ~ overprice already. Anyway… There are lots of people like to ‘play’. So let’s the games continue…

Asia stock markets stumbled

On the time that I wrote this, US stock market already turn green after the 1st hour trade. Will it stay in green for the rest of the day? For me, I wish it will continue to drop because I did not enter market on 14 May 2009.

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Do you still remember there are 2 major disasters happened on this year? The Myanmar cyclone and China earthquake. Did you manage to give some donations to help them when they needed our help? I did. Thanks God that I have the ability to give. Don’t just take, we must give too.

Donation RM1000 to International Relief Fund Myanmar and China

Wait no more; it’s time for you to give.

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