Saturday, May 29, 2010

Flirting around 10,000 pts

Another week with DJIA flirting around 10,000pts. Locally, there is nothing much interesting, even DJIA is a lot more attractive than BURSA. Well, do nothing when there is nothing to do. :=)

Monday, May 17, 2010

Migration from Europe to US

1. Europe still very shaky. As mentioned, nothing can be changed overnight, not even ~$1 trillion.

2. US stocks: "Strong corporate balance sheets, rising profits, economic growth on an upswing and the Federal Reserve's pledge to keep interest rates low make Wall Street look like a good destination"

3. Locally, we are looking at a better GDP growth, OPR increased. Stronger MYR

Give Europe some time to calm down. :=)

Wednesday, May 12, 2010

No action.

chart from google finance

Stock Markets over the world uncontrollably skided and jumped. A head to head fight between Strength and Weakness? The fight has begun, nothing we need to do. Just wait for the dust to settle, before joining the game.

- European stock markets strongly recovered 5% to 9% yesterday, after falling for about 1 week.
- DJIA up ~400 pts yesterday, erased the big fall. ( the quarter earnings are solid)
- Europe crisis with ~$1 trillion injection. Wow..  well, nothing can be solved overnight.

Tuesday, May 4, 2010

Where we are at ?

We seem to perform a lot better than regional markets. Take a look at the chart above, BURSA is traded at 33.7% PER premium amongst its peers, highest since 2002.

Expensive? Better to take a step backward.

Monday, May 3, 2010

SOLD 10,000 MYEG @ 0.505

Sold the last 10,000 MYEG today at 0.505 (BOUGHT 0.440, 29/March/2010). The DOW JONES has been volatile. Better play safe.