Jan. 19 (Bloomberg) -- Treasuries rose for a fifth straight week, pushing two-year note yields to the lowest since 2004, as President George W. Bush's plan to spur consumer spending failed to ease concern that the economy is falling into recession.
When US subprime loan crisis worsen in the mid of 2007, Dow Jones taken a deep breath and so do all Asian markets including KLCI that fallen to 1100 level before it has rebounded to set record after record in early 2008. While I am writing this article, KLCI breached another new high to 1493 and look set to pass 1500 benchmark for the first time in history. Whereas, Dow Jones closed over night falling 238 points and S&P 500 dipped to 1390.
The continuous fall of Dow Jones Index since 1st day trading of 2008 extending it losses after Pakistan’s political turmoil till today has jittered many investors confidence. Many though that it will be the end of subprime loan crisis and the housing data will be more stable. To a certain extend, it painted a foggy picture to all investors that what is the reason the continuous fall in Dow Jones somehow lead to a continuous new height of KLCI?
The positive property prices and confidence level surely has been paused by this event in the pass six months and I believe many investors in the property market is taking a wait-and-see attitude.
Whats your opinion? Any recommendation?
When US subprime loan crisis worsen in the mid of 2007, Dow Jones taken a deep breath and so do all Asian markets including KLCI that fallen to 1100 level before it has rebounded to set record after record in early 2008. While I am writing this article, KLCI breached another new high to 1493 and look set to pass 1500 benchmark for the first time in history. Whereas, Dow Jones closed over night falling 238 points and S&P 500 dipped to 1390.
The continuous fall of Dow Jones Index since 1st day trading of 2008 extending it losses after Pakistan’s political turmoil till today has jittered many investors confidence. Many though that it will be the end of subprime loan crisis and the housing data will be more stable. To a certain extend, it painted a foggy picture to all investors that what is the reason the continuous fall in Dow Jones somehow lead to a continuous new height of KLCI?
The positive property prices and confidence level surely has been paused by this event in the pass six months and I believe many investors in the property market is taking a wait-and-see attitude.
Whats your opinion? Any recommendation?
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