Holiday Weakness

Posted by Kris | Wednesday, December 24, 2008 | | 0 comments »

DJIA is showing some weakpoints in the midst of a "predicted" holiday rally. Global market is not in its cheerful mode even though China has been cutting interest rates again!!

Oh..well nothing really interesting is going on during pre-holiday trading days.

On the local front, Malaysia is going to lose around ~5000 jobs in the E&E sector which a bulk of this number came from the shutdown of Western Digital plant in Sarawak.