Well well well....seem like d-day is coming soon. Citi has suffered its first ever quarterly loss since the merger at 1998, plus more result coming out which fall under expectation (intel, jp blah blah)...and so it looks like another fed cut will be likely...
However, does rate cut really gonna solve the problem US is facing now? It just seem to me uncle ben is trying to delay the inevitable :) Once he is out of bullet(rate cut) and the china bubble burst, South is the direction where we all heading to ^.^
Anyway, back to KLSE, correction is unavoidable. 1st quarter should be ok but after that....dont play play! :)
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