Under 1000 Soon?

700 billion bailout and no immediate effect on the stock market. This is not good. I think that KLCI will close under 1,000 by next week. World stock market is very bearish now. Everything is crashing. Do you have the mind power to see your stock crashes? Oh...did you say long term investment? Oklor.

No change for sectors in KLSE.

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Down
Finance	Down	Down	Down
Construction	Down	Down	Down
Plantation	Down	Down	Down
Property	Down	Down	Down
Mesdaq	Down	Down	Down
2nd Board	Down	Down	Down

For the rest of the world:

World	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down
DJI	Down	Down	Down
NasdaqComp	Down	Down	Down
Nikkei 225	Down	Down	Down
Kospi	Down	Down	Down (-)
SSECI	Down	Down	Neutral
HSI	Down	Down	Down
TWII	Down	Down	Down
STI	Down	Down	Down
SENSEX	Down	Down	Down
FTSE	Down	Down	Down
DAX	Down	Down	Down

Will China and India save the world? Some economist will make you believe that theory. But the stock market is the leading indicator of the economy. I don't see any buying signals in the chart for Hong Kong or China counters yet.

Anyway, the world markets is heading into oversold position. So a rebound can happen anytime. Don't be fooled by the rebound. Stay aside if you cannot make bearish play. No joke, it is better to keep your money in the bank (and loose through inflation) than invest in the stock market now. It's really tough even for the hedge funds.