DJIA at 7760

Posted by Kris | Wednesday, March 25, 2009 | | 1 comments »

DJIA is rallying hard. Streams of good news of bailout and revising the uptick rule (removed in 2007) is feeding the frenzy. Most of the stocks that I monitored usually tank at the opening but rise up strongly soon after.

Is this a market bear rally or a sign of a bottom for the crisis?? I will wait until analysts start to become "crazy" again in their call. During the plunge to the 6,500 mark, analysts were calling for a potential low of 5,000. Now with the current rally, it may not be a huge surprise when they start pointing upwards to the 9,000 or 10,000 level.

No one knows.

Property in Malaysia seems to be taking a hit as most developers now offer sweetened packages to entice buyers. More job losses in Malaysia especially electronic manufacturing with DELL as the latest major victim.

Things don't look so bright for this years fresh graduates. No many companies are hiring and govt is giving incentive to companies in terms of tax breaks to rehire retrenched employees. Thus, there is no advantage per se to hire fresh & inexperienced graduates instead of fishing the best of the best from the ever expanding retrenchment pool.

Anime pic : Samurai Champloo


  1. Kris // 8:23 PM