MERDEKA, MERDEKA .... Happy 51st Birthday to Malaysia.
Where is Dow Jones Industrial Average is heading to? If we look at the chart it shows that DJIA are forming a similarity pattern way back from beginning of the year 2008.
It went up a bit before tumbling down again. Hope this would not really happen. As this would again hurt the world market.
The charts shows that the DJIA still have more rooms to go up but I still doubt about what really happen in US economy.
As been suggested by some of the news that there have been some recent signs that US economy is beginning to improve.
The overall economy, as measured by the gross domestic product, rose by 3.3 percent in the April-June quarter. This surprised analysts and was a significant rebound from growth of just 0.9 percent in the first quarter of the year.
Most credit was given to the $93 billion in economic stimulus payments the federal government has sent to households since May.
Do you think this will sustained, I'm quite doubt about it as I can see we might see another sell out in US market. Time will tell but how long, I don't know. Just watch. The reason is -.............
Other economic news this week showed that right after that second quarter, in July, consumer spending slowed to a crawl and personal incomes plunged.
With few stimulus payments still to go out, some economists worry consumer spending will continue to falter.
Since it accounts for two-thirds of economic activity, that could send economic growth tumbling again in the second half of the year, particularly given rising unemployment, a continuing credit crisis and the deepest housing slump in decades.
By the way, like to watch a movie? Please make your self free to watch DEATH RACE. For me it is a good movie.
I never knew it would be so interesting when they race and fight together for the first place because only one person is allowed to be alive.
It a bit different story. Watch it and you might not regret it.
The main actor is Jason Statham. He is a good actor. I have been following his entire movie and this time he is doing quite well in this movie.
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