060611

Hope today I can let go all, worst case just cl and earn back again!~

Cheers!~ No matter what, just be happy and enjoy every moment ... .

[You must be registered and logged in to see this image.] Drink less.... Else Will be in trouble when you getting older.

Be prepared for volatility in the KLSE. Most world markets are trading below their 50 MA and the Dow/ Nasdaq advance/ decline is negative.
The US property market is again declining, unemployment is rising, jobs are not being created and the US congress is in gridlock over the budget deficit.
The PMI for manufacturing is at 53.5 which is the lowest reading since April 2009. The Joe Publics in America are being squeezed by high food and gas prices and they are cutting back on spending. This will effect Malaysian companies who export to America. I expect QE3 because if the Federal Reserve stops printing money the Bernenk’s Ponzi game (just like Bernie Madoff) will collapse.
This could lead to a depression which Obama will do all to avoid.

NEW YORK (CNNMoney) -- Stocks could be volatile this week as the economic fallout of Friday's jobs report will continue to weigh heavily on investors' minds.
This week's trading agenda is thin on economic reports and corporate earnings. The only notable pieces of data are the Federal Reserve's "Beige Book" on Wednesday and weekly jobless claims on Thursday.

But last week's bad news will likely set the tone for investors. May's jobs report fell way short of expectations, and other data, such as the Institute for Supply Management's closely-watched manufacturing survey, have also disappointed. The Dow fell nearly 3% last week.
Portfolio managers said with this recent wave of bad economic data and a sparse agenda ahead, now is not the time to be putting risk into a portfolio.
"We need to digest the past couple of weeks and debate the reasons why we're seeing this slowdown," said Bob Doll, chief equity strategist with the large investment and advisory firm BlackRock. "Is this slowdown temporary, or is there something more fundamental that should be a cause of concern?"

NEW YORK (CNNMoney) -- Let's get this out of the way. The economy is in lousy shape. And it will continue to be for a long time. It's an awful truth but we must get used to it.

I called it the barbecue recovery almost a year ago to reflect that the rebound (a charitable term if there ever was one) will be low and slow.



The May jobs numbers were awful, and some are citing that as evidence that the economy has taken a sudden turn for the worse. The recovery may now be at risk.
But this shouldn't be a surprise. Even before Friday's report, the jobs growth from earlier this year only qualified as decent. The recovery isn't really at risk. This is just further proof that the recovery wasn't that good to begin with.


The only way for the economy to show sustainable improvement is for companies to start hiring again in a more aggressive fashion, the housing market to finally bottom and for the nitwits in Washington to stop bickering and actually have an intelligent conversation about the deficit.
This is something that will unfold over a period of years, not weeks or months. Keep in mind that the reckless fiscal behavior of consumers and the government that led to the credit bubble and Great Recession took place over a period of decades.
"The recovery is extraordinarily disappointing. It's not even a half-speed recovery," said Chris Probyn, chief economist with State Street Global Advisors in Boston. "It will take until probably 2014 at least to get back to the levels of employment even close to what we had in 2007."

NEW YORK (CNNMoney) -- Is President Obama moving closer to a one-term presidency with every disappointing economic datapoint, unemployment report and stock market stumble?
Democrats of course hope that isn't the case, but political scientists say that in almost every election, the economy does indeed turn out to be issue No. 1.

Right now, that's just flat out bad news for Obama.

On Friday, a government jobs report indicated that only 54,000 jobs were added last month and the unemployment rate rose to 9.1% -- troubling signs that the recovery is wavering.

And it's not just jobs. Manufacturing growth is slowing both in the United States and abroad. Home prices are in a confirmed double-dip. Consumer confidence is declining.

To top it off, the Dow Jones Industrial Average (INDU) has dropped almost 5% in the past month.

It's a trend that should be setting off alarm bells at Obama's 2012 campaign headquarters.
"There is a close connection between the economic data that comes out and how people feel. If bad numbers keep coming out, that is going to translate to voters," said Randy Stevenson, a professor at Rice University who studies the relationship between economic conditions and electoral politics.
Voters are already making the connection.
Obama's overall approval rating has edged up in CNN polling, thanks to his performance on international issues and national security. But the number of Americans who approve of his handling of the economy is stuck at a dismal level -- only 41%.
And in May, only 39% of Americans said they think things are going well in the country -- another crucial polling test.
An election victory will require more. In the four instances since 1976 where the incumbent party retained the White House, an average 67% of Americans said things were going well in the month before they went to the polls.

Bullish week for local stocks likely[b]

KUALA LUMPUR: Stocks on Bursa Malaysia Bhd could trade higher this week, as bad news in the US may prompt more foreign investors to look at emerging markets like Malaysia.

Fresh data from the US Labour Department indicated that the economy added 54,000 jobs in May, well short of economists' expectations of 165,000. The May job data was also one-quarter of the February-April pace.

Although the private sector had added more than 2.1 million jobs over the past 15 months, the US government said that the unemployment rate is "unacceptably high" and faster growth is needed to replace the jobs lost in the downturn.

The FTSE Bursa Malaysia Kuala Lumpur Composite Index outperformed the Dow Jones Industrial Average for at least three consecutive weeks. The local benchmark index rose for at least three weeks running, while the Dow suffered its fifth successive week of declines.

Foreign fund managers are showing signs of interest in our stocks, as they were net buyers for the entire week. Last Monday, they were net buyers of RM118.71 million worth of stocks, followed by net buying of RM585.14 million on Tuesday, RM103.34 million on Wednesday, RM250.48 million on Thursday and RM138.31 million on Friday, representing a total net purchase of RM1.2 billion.

"I think investors are having more interest in emerging markets that have strong domestic markets, and Malaysia is one of them," said an analyst from a local brokerage.

The "return" of foreign investors could be also driven by the two-day Invest Malaysia 2011 New York Conference in New York two weeks ago. The event was hosted by the New York Stock Exchange and jointly organised by Bursa Malaysia, JPMorgan, Maybank, CIMB and Malaysian Investment Development Authority. Prime Minister Datuk Seri Najib Razak delivered the keynote address at the conference.

The FBM KLCI ended the week 11.16 points higher at 1,559.85 points, from 1,548.69 points. Weekly volume declined to 4.07 billion shares worth RM9.83 billion, from 4.2 billion shares worth RM7.32 billion.

Analysts expect immediate support at the 1,544 level, followed by the 1,517 level, while the immediate resistance level is at 1,565 level, followed by the 1,577 level.

"The violation of the 1,544-point level marked the end of the market's consolidation phase and we continue to maintain our near-term bullish view," said OSK Research in a report on Friday morning.

Stocks that may be in the spotlight this week include Scomi Engineering, Mudajaya Group d and Century Software Holdings.

Scomi Engineering and its consortium partners clinched a RM2.6 billion contract to build a monorail line in Sao Paulo, Brazil; Mudajaya, via its unit, won a RM720 million deal to build a component of Manjung power plant project in Perak; and Century Software won a RM22.25 million contract to help set up an outcome based budgeting system that help manages budget cycles

Stocks to watch Scomi, Mudajaya, Privasia, Inari, Century Software, banks

KUALA LUMPUR: Investors are likely to tread cautiously in the week beginning Monday, June 6 following the less-than-encouraging close at Wall Street last Friday on the back of grim employment data.

Asian markets too have yet to fully find solid footing after volatile trading last week, weighed by worries of a prolonged global economic slowdown as well as the motion of no confidence that was brought against the Japanese Prime Minister.

Although the Prime Minister Natao Kan survived the vote of no confidence, squabbling quickly resurfaced after his comments suggested he wanted to stay on until damaged reactors at the disabled Fukushima nuclear plant achieved a stable "cold shutdown", a process expected to take at least until January and probably longer, according to Reuters.

Wall Street capped off a fifth straight week of losses on Friday and Treasuries rose as much slower-than-expected US job growth stoked fear that the world's largest economy was in a protracted slowdown, according to Reuters.

The jobless rate rose to 9.1% in May as high energy prices and the effects of Japan's earthquake bogged down the economy, it said.

The Dow Jones Industrial Average shed 0.79% to 12,151.26, the S&P 500 Index fell 0.97% to 1,300.16 while the Nasdaq Composite Index lost 1.46% to 2,732.78.

MIDF Research head Zulkifli Hamzah said the FBM KLCI ended May in the positive territory, adding that this was a good sign for the market in June.

“MIDF Research anticipates another gainful month for equity although historically June tends to be quieter, both from volume and price action perspective.

“From corporate angle, there is not much to expect from the market this week. We are still in school holiday and that tends to be associated with less local participation,” he said.

Among the stocks to watch on Monday are SCOMI ENGINEERING BHD [], MUDAJAYA GROUP BHD [], Privasia TECHNOLOGY [] Bhd. Inrai Bhd, Centuru Software Holdings Bhd and banking counters.

Scomi Engineering and its consortium partners have been awarded the RM2.6 billion Line 17 monorail project in Sao Paulo, Brazil.

The monorail project awarded to the consortium which consists of Scomi, Andrade Gutierrez S.A. (AG Group), CR Almeida S.A. Engenharia de Obras and Montagens e Projetos Especiais SA (MPE) will cover the design works, manufacture, supply and implementation of the monorail system for the 18-km monorail Line 17, or the Gold Metro of São Paulo.

Scomi said the project was expected start in July this year and be completed in 42 months.

Mudajaya’s unit Mudajaya Corporation Bhd been given a letter of intent to design and build a component of the Manjung power plant for a sub-contract valued at RM720 million.

Mudaya said Mudajaya Corp was the given the letter on June 2 by CMC Machipex Sdn Bhd to build the balance of plant component of Manjung No. 4 Power Plant Project.

ACE Market-listed Privasia is on the lookout for potential targets for acquisition as part of its expansion plan.

Its chief executive officer Puvanesan Subenthiran said the company was targeting companies that were able to offer synergistic benefits in helping Privasia fulfil its vision of becoming a total ICT outsourcing services provider in the region.

ACE Market-bound Inari plans to invest RM25 million over two years to acquire new machines, upgrade existing equipment and build a new facility to increase its production capacity.

Century Software’s unit Century Software (M) Sdn Bhd has been awarded a RM22.53 million contract by the Ministry of Finance to implement an online budget system.

Meanwhile, CIMB Research last Friday maintained its Overweight rating on the Malaysian banking sector and said that overall, it still sees a favourable operating environment that will allow banks to achieve its projected net profit growth of 15.5% for 2011

060611 isn't

oh... my mistake, moderator pls change..

Hi all, good morning... [You must be registered and logged in to see this image.]

so sad.....read about our good member 'NET'

let's focus in trading for the 1st half session, i'll be out in the 2nd session, today will cl pchem... asap..

ejam77 wrote:so sad.....read about our good member 'NET'

Yeah bro ... me too ... but life goes on [You must be registered and logged in to see this image.]

ejam77 wrote:so sad.....read about our good member 'NET'

we heard about it on Friday... all got no mood to trade d, was so sad about that....

and good morning to all comrades here ... have coffee? [You must be registered and logged in to see this image.]

hope today a househ day!~

bernardlcn wrote:and good morning to all comrades here ... have coffee? [You must be registered and logged in to see this image.]

i had teh ice n roti canai

goodday to all~ [You must be registered and logged in to see this image.]

how r u guys today?
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good morning to [You must be registered and logged in to see this link.], [You must be registered and logged in to see this link.], [You must be registered and logged in to see this link.], [You must be registered and logged in to see this link.], [You must be registered and logged in to see this link.], [You must be registered and logged in to see this link.]

Hope all of you make [You must be registered and logged in to see this image.] today, this week bullish [You must be registered and logged in to see this image.]

8888 wrote:how r u guys today?
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I am ok, hope today is a good day for all of us

Greetings to all.

“Opportunity often comes in disguised in the form of misfortune, or temporary defeat.”

[You must be registered and logged in to see this image.] Napoleon Hill quote

morning all...

another quiet day...
drb doesnt seems giving power

Yeap, let's PROFIT [You must be registered and logged in to see this image.]

8888 wrote:another quiet day...
drb doesnt seems giving power

index RED, all no power. [You must be registered and logged in to see this image.]