Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Thursday, September 22, 2011

World market plunges again

AUD/MYR plunges to multi-weeks low of 3.07 with more than 3 % loss from 3.16 within 24 hours in the midst of sell-off in Aussie and in stocks. The AUD also dipped below parity with USD, falling to as low as 97.2 US cents.

KLCI suffered another blow on heavy selling across the board with the index closing at 1388 ( - 31 points, - 2.2 %): there were 801 losers and 85 gainers. I'm watching the plantation sector to buy later at steep discounts... Nothing else really interest me, well maybe I'll day-trade Boustead, Maybank, GenM, QL, MPHB, IJML, MahSing, etc if opportunities avail...

With FTSE, DAX and CAC registering losses of approx 5 %, I guess tomorrow will be a red ocean day again... Will you be courageous enough to trade in times like these..?

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