Why? Why? Why?
Published on Jan 18th, 2008 in Malaysia, Rambling with
Oh no! CI drop 52.05 points due to worry of US economy recession. The 1500 point historical benchmark only manages to sustain for only 2 days.
This morning I turn on the early news and learn that DJ Plunged ~ 270 points last night with the reason of huge reported loss of citi group, also come together the bad news of poor retail sales figures, the Boeing news and average Apple performance. This is another deep fall of DJ issue since April last year.
Don’t know what happen to the investors recently, they behave highly sensitive to the economy data and react like without using their brain power.
DJ today can easily shoot up 200-300 points over night due to a good news release by somebody and have a small level drop next day if any negative news release.
What happen to the world?
How to make money from such turbulent business condition?