Friday, 7 November 2014
DJIA hit new all-time intraday high at 17,560.31 on Thursday 06.11.2014.
What has that got to do with KLSE market? Sadly, nothing.
It seems that KLSE has its own independent mind recently. Whenever DJIA hit new high, KLSE reacted coolly about it. In contrast, whenever DJIA came down, KLSE reacted badly. Many people try to get clues from US stock market to make their position about KLSE. This could be mainly because KLSE itself is not able to provide useful clues to local investors for them to make investment decision. The flow of market information in KLSE is not acute and sufficient enough for the ordinary retail investor to fully comprehend what is happening behind every step of the corporate activities. Many a time news that we got is from third party, fourth party or worse it is unsubstantiated hearsay. This is the disadvantage many local retail players have over here. On the flip side, it is this disadvantage that has been fully make use by certain parties to work to their advantage. Unfortunately, the less informed investors are the one got slaughtered by their game. So how to beat them? You must know that they cannot play their game all the time. So to beat them is to play long term investment. Forget about tips for this and that from who and who. Tips are just to suck you into their games. Be wise and stay wise.
(Reuters) - U.S. stocks edged up in a volatile session on Thursday, with the Dow and S&P 500 hitting fresh record closing highs. This was a record levels for the second straight day Thursday, after European Central Bank president Mario Draghi hinted at monetary stimulus of as much as €1 trillion.
The Dow Jones Industrial Average (DJIA) rose 69.94 points, or 0.4 percent, to 17,554.47, the S&P 500 gained 7.64 points, or 0.38 percent, to 2,031.2 and the Nasdaq Composite added 17.75 points, or 0.38 percent, to 4,638.47.
About 6 billion shares changed hands on U.S. exchanges, below the 7.3 billion average for the last five sessions.
NYSE advancing issues outnumbered declining ones on the NYSE by 1,730 to 1,327, for a 1.30-to-1 ratio on the upside; on the Nasdaq, 1,557 issues rose and 1,121 fell for a 1.39-to-1 ratio favouring advancers.
The benchmark S&P 500 index posted 72 new 52-week highs and three new lows; the Nasdaq Composite recorded 118 new highs and 61 new lows.