Beware of share market
Published on Oct 21st, 2007 in Malaysia, Life with
Another big drop of US stock market begins on last Friday. Main reason causing the drop was crude oil price, high employment rate and slows down of real estate sale. Investors sell off their stock for cash due to worry of global economy slow down.
High chance for Asian market to follow the trend on coming Monday opening. BSKL CI is my main concern. I estimate a 25 points drop on Monday and CI would drop below 1300 points in one week if no positive move in the US market.
Another important market shouldn’t ignore is the China Stock market has been over heated for quite sometimes. The Chinese are so lucky because not being hit by the storm initiated by the supreme mortgages issue. Pray hard, they are ready to survive in the coming disasters.
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