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2008-10-06

US economy is facing a crisis depression of the 1930s

The US economy is facing a crisis that is conjuring up images of the calamities of the great depression of the 1930s. European and Asian stock markets are tumbling as terror and panic hits Wall St. When US lawmakers passed the 700 billion bailout bill on Friday the Dow reversed a 313 point gain to a 157 point loss.

In the last month the Dow has lost 12 % or 1.8 trillion USD.

The threats to the global economy are real and daunting. The collapse of Wall St's mighty financial institutions will have far reaching ramifications on every country in the synchronized global economy. The American economy is in deep trouble and the prospects for a quick recovery are dim. The so called meltdown is already happening and will take months before the full extent of the damage ignited by the sub prime mortgage market is fully recovered.

No only US market is effecting KLCI to go lower, Malaysia politic also giving a helping hand to push KLCI to a lower stage. Any time now KLCI will down below 1000 point, safe as much money out from KLSE and keep it till global meltdown - your cash will be come king.

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Investment Idea

My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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