Wednesday, October 29, 2008

Dow's 2nd biggest one day gain in history!


Dow rose 889 points last night! I had long positions overnight and was a little worried that it was only a mere 20 points up when I checked during the night. I woke up this morning and 'Whoaaa not bad, not bad! I don't expect the US market to have a V shape recovery as it will take a lot longer to realise the magnitude of the 'shit' we're in and no interest rate cut is going to solve it immediately! In the end, I do expect the Dow to make lower lows before stabilising and making a recovery after that! As for KLSE, we should see 680 next year..yup tougher times ahead!

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