Should YOU Invest in Stock Market Now? -Part 2
What I read in the headlines today:
KLCI closes below 1,000
The benchmark Kuala Lumpur Composite Index closed 19.86 points or 1.95 per cent lower at 996.84, dragged down by the downtrend in plantation stocks. Blue Chip companies like Public Bank Bhd, KNM Group Bhd & etc may saw further weakness.
Abdullah to announce decision within 2 days
Umno president ,DATUK Seri Abdullah Ahmad Badawi said today he will announce tomorrow or on Wednesday whether he will defend the post of Umno president at the party elections in March next year.
CPO hits limit down on export fears
Palm oil slumps to near 2-year low. The benchmark December contract on the Bursa Malaysia Derivatives Exchange dropped RM200 to RM1,800 briefly, a level unseen since Nov 20, 2006. This is due to fears of slowing exports and weaker global vegetable oil markets, possible fallout from a global economic slowdown and increased fears of a recession in the United States, spawned by its credit crisis. This very likely will also likely dampen crude palm oil prices to stay below RM2,000 per tonne level.
Asian markets fall on US economy worries
Asian markets started the new week on a weak note on Monday, with the local bourse also slightly lower in cautious trade as investors worried about the deteriorating fundamentals of the world’s largest economy despite the Congress approval for the US$700bil bailout.
Same advice: I would rather Keep Cash!
October is one of the Worst Months to Play the Stock Market. Other Bad Months are: July, January, September, April, November, May, March, June, December, August And February–Mark Twain
****Breaking News
Dow Plunges 400 Points to Below 10,000-The Dow Jones industrials skidded more than 400 points and fell below 10,000 for the first time in four years, while the credit markets remained under strain. -Monday October 6, 10:33 am ET