Choose Stimulus or Deficit?

- Take a close watch on how markets react on the US reports.

- Dropping of stimulus and go for deficit? read:

http://www.bloggingstocks.com/2010/06/06/g20-drops-fiscal-stimulus/

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. :=)

Migration from Europe to US

1. Europe still very shaky. As mentioned, nothing can be changed overnight, not even ~$1 trillion.
http://www.reuters.com/article/idCALDE64D1PG20100514?rpc=44

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"
http://economictimes.indiatimes.com/markets/global-markets/Outlook-rosy-for-US-stocks-thanks-to-euro-woes/articleshow/5934953.cms

3. Locally, we are looking at a better GDP growth, OPR increased. Stronger MYR
http://www.themalaysianinsider.com/business/article/malaysia-q1-gdp-up-10.1pc-beats-forecast/

Give Europe some time to calm down. :=)

OPR, another 25 basis points increase today?

http://biz.thestar.com.my/news/story.asp?file=/2010/5/13/business/20100513110119&sec=business