Where is Santa?

KLSE is not reacting to US stock movement. I'm still expecting a rebound. December is the month where stocks usually move up. In addition to that, the fund manager must do some window dressing to cover their miserable performance. But.......most of sector charts are still pointing down:

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Down
Finance	Down	Down	Down
Construction	Down	Down	Down
Plantation	Down	Down	Neutral (+)
Property	Down	Down	Down
Mesdaq	Down	Down	Down
2nd Board	Down	Down	Down

The rest of the world looks like stabilizing:

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

But please note that US stock market has gone up with decreasing volume. So when everyone is back after Thanksgiving, do expect the real action to continue.

Also, the talk of the town is that China is in panic mode. Their GDP may contract more. Now, if we can lend money to the Americans to continue their spending binge, maybe we can save the world from going into a severe recession.

If you are interested in US and world economy, then please do read the blog Calculated Risk.