The Dow closed at 13,079, up 233 points. This couple with KLCI‘s off-low closing is likely to bring some cheers to the local burse, come Monday morning. We will have to wait to see whether it will be a flash in the pan. My reading of the chart is there will be resistance at 1214 points.
According to Prudential Fund Management Bhd, the subprime market stands at US$1.2 trillion out of a total
US have always emerged stronger after every crisis. This one will be no exception. Those who have plenty of cash in hand can start their bargain hunting. Look for sound solid companies that are cash rich, high dividend yielding with good prospective earnings. If you wish to play penny stocks, remember that low price is not cheap price.
As usual, this blog disclaims all liability for its comments.