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.
The stock markets like KLCI, Straits Times, Hang Seng, Nikkei 225 and Shanghai Composite in the world have been rally for few months. It is a good sign ~ the economy is recovering. However, it has been go up too fast lately. More than 20% in a month.
KLCI result for last 3 months
52wk Range = 801.27 – 1,302.83. Current = 1,023.47. I missed the lowest point. Who know the lowest point? It might go down again, right? Nope. Based on the current situation, it will have a correction ~ maybe small drop to level 970? The sky is not falling.
7 May 2009 is not a good day for Malaysia. This is not the first time and will not be the last time.
If you are an investor, do you dare to invest in Malaysia with uncertain politics?