What a Dow day!

Dow
DJIA pared its losses by half in what seems to be volatile session yesterday falling to 9525.32, the lowest level since Oct 24th 2003 when it hit 9497.72. It shed almost 800pts to the point of capitulation when it started hitting back at sellers to end at 9955.50 cracking the 10,000 mark at the close. What a rebound in the final hour! The news again was the concern that US will still head for a recession despite the governments rescue plan. Got out of my 'shorts' today a the US charts show a 'doji' which could be a point of reversal. As I am writing this the Australian markets have turned positive from a 2% drop this morning and KLSE is rebounding with the region. Dow futures are pointing to a positive open (+147) and I might just initiate long positions overnight to ride in it! Oil is rebounding as we speak! up 3.00 to 90.89. Europe just opened and things look positive, for now!


Aussie Rates
Reserve Banks of Australia cuts IR by 1% this morning and the MYR/AUD is 2.509. This is good news for all. Good for borrowers. Good for housing market because buyers borrow at lower rates. Probably will see a revival in the housing market though not immediate. Kudos to the Aussie Gomen to revive economy. Will the rest of the world follow the same strategy to combat the ongoing crisis? Will watch and wait..hey its good for me too! Need to change some $$ for our trip to Melbourne in November.


Lasik
I will be going for Lasik corrective surgery for my eyes on Thursday at 2.30pm. Am nervous but believe that it will be good for my eyes because I am so vain! ( did I just say that?) No la..try wearing glasses to play badminton. Got a headache thinking about it! Will post the results later. Wish me luck..err a good surgery!