KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
It's been about a month since I last update this blog as I was busy with my work, my other blogs as well as planning ahead for Year 2009. Year 2008 ended with stock markets all over the globe almost collapse (I'm using the word almost since we never really know whether we have reached the bottom or there's still downside risk). Then the word RECESSION, STAGFLATION, INFLATION, VSS, etc started to creep out and people have FEAR in them. Why FEAR?
We do not know how long this financial turmoil will last and how long it takes for the business to see the bottom or recover. We can never know. No one in the world will know about it except, well, GOD, of course.
Domino effects will be seen as one business will cost another business to collapse or successful. Once a business is affected, it will affects others as retrenchment and major cost cutting will take place in other business. And this will continue to go in a loop until an equilibrium is achieved, that is when the global economy will recover. However, we do not know when this will happen.
People will start to worry about tomorrow, whether they are still hired, or whether they are not with the company or even worse, the company goes out of business. So, this will triggered people to save.
When people started to save almost all of their money, this is equals to close to zero spending, which is bad bad news for economy. We have to understand this.....economy is made up of money.....and money means spending. So, without spending, more and more company will go out of business.
The question now is whether we are to save or to spend? I'll post more on this in the future, but let us look at the situation and think......Is it best to save or to spend.
We do not know how long this financial turmoil will last and how long it takes for the business to see the bottom or recover. We can never know. No one in the world will know about it except, well, GOD, of course.
Domino effects will be seen as one business will cost another business to collapse or successful. Once a business is affected, it will affects others as retrenchment and major cost cutting will take place in other business. And this will continue to go in a loop until an equilibrium is achieved, that is when the global economy will recover. However, we do not know when this will happen.
People will start to worry about tomorrow, whether they are still hired, or whether they are not with the company or even worse, the company goes out of business. So, this will triggered people to save.
When people started to save almost all of their money, this is equals to close to zero spending, which is bad bad news for economy. We have to understand this.....economy is made up of money.....and money means spending. So, without spending, more and more company will go out of business.
The question now is whether we are to save or to spend? I'll post more on this in the future, but let us look at the situation and think......Is it best to save or to spend.
Hey, i think we still need to spend but spend wisely stimulate the market. but that said where to get the extra income to spend. everything is so expensive now.
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