If Tuesday Was Bad, Thursday Would Be Worst?!

Posted by Kris | Wednesday, November 17, 2010 | | 0 comments »

First of all , Selamat Hari Raya Haji for all my Muslim readers :P

On Tuesday, the market was in a sea of RED even though the KLCI swings around -5 to -9 points at one time. Meanwhile, Tuesday night for the US markets was the time where the DOW broke down the 11,000 mark!! but managed to close barely above at 11,023. The fear factor was on European debt crisis and China rising interest rates to fend off inflation. Ireland will be the next country expected to be bailed out of its debt.

Hang Seng Index today lost ~200 points.

Having a single currency among the European nations aka EURO, is really problematic. If one of the member countries fell sick, the rest are impacted. I guess now, no people will laugh at the UK for not joining the EURO pact.

Let's see how the market react tomorrow, which i think will be a sea of redness again. It is a good thing that today the market close because of the holidays, it give time for the market to digest the news instead of receiving another shock.