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05 August 2011

World share market tumbled!

Share market took a hard hit today in fear of double dip recession in US and also sovereign debt crisis in Europe.

Dow Jones lead the drop when it give up 4.31% yesterday. Major Asian market like Nikkei 225 and Hand Seng also shed 3.72% and 4.29% respectively.
At Kuala Lumpur, KLCI is not any better off. It drop 1.45% to close at 1524. Out of more than 1000 listed company in Bursa Malaysia, we see 60 up; 932 down; and 151 no change. Its 932 down!!
As Warren Buffet said, "Our elephant gun has been reloaded, and my trigger finger is itchy,"..... its shopping time!!

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