Monday, June 7, 2010

Hungary - Second Wave Of Financial Crisis Have Just Started ?

Last Friday the Dow Jones Industrial Average tumbles -323.31 points to close at 9,931.97 points. Looking at the performance of the Dow Jones Industrial Average, it looks quite dangerous at these moments. With the on going financial crisis already hitting the European region and all the sudden Hungary also facing the same crisis, well it seems that the second wave has just begun.

Last week, fears that the debt crisis could migrate to central Europe were stirred Friday after a senior Hungarian government official said the previous government had manipulated budget figures and lied about the state of the economy.

Hungary is among the countries in Eastern Europe hardest hit by the international financial crisis. In late 2008 it was forced to approach the International Monetary Fund for $25 billion in emergency financing

Well what really happens in Hungary was a domino effect around that region. If this statement by one of its senior Hungarian government official was true, the domino effect will keep on continue towards other country.

With this kind of situation, what should we do right now? Just monitor how the European equities and the DJIA performance. They are going to decide how the global equities market going to perform.

This week should be a week for us to cool down and relax. Watch 2010 FIFA World Cup South Africa and monitor how our Malaysian shares market reaction towards the world equities performance. Right now I have no comments on our Malaysian share market performance as we all can see last week was a technical rebound. Selling on the run was a right decision after all. This week we will monitor the momentum of the FBM-KLCI.

Right now I will be waiting for any opportunity arises. In a downtrend market you tend to lose more rather you can win a lot. So keeping more bullets is much more better as we can shoot anytime when the opportunity arise.

Anyway just watch this video clip to make our self relax and I will guarantee you that you will laugh all the way ......... but ....sorry it was in Malay languages. The title of this video clip called " DUIT KECIL ". Any comments on this video clip .... please give a comment ....


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alexlee said...

well, the video clip is real funny...hahaha

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