normally things move opposite of what ones thk.........

Market is not easily predicted as lots of ppl think they can predict.

When ones think they can predict well, they will pump lots of money on their thinking.

Maybe that how bankruptcy come about.

Likely DJ will move side-way tonight. (3rd Scenario)

susan66      ( Date: 08-Jun-2010 19:09) Posted: Now futures turn green liao, every minute is a different story! Nobody really knows what will happen.  Tomorrow will have 3 scenarios : (1) Get stuck again  (market down) or (2) Get excited when your counter cheong  (market up) or (3) Get bored and go to sleep (market sideways)

• Fundamentally Asia are still very strong financially. Esp. Singapore
• DJ was affected by the US Job Employment Statistic down in May
• DJ was affected by the Euro fresh concern on default - This possibly generate an opportunity for Asia as more fund, contract and etc may be diverted into this regions.
• DJ was further affected by BP six month ban due to oil spill in Gulf of Mexico. If this do happen, more job will be lost. Oil price will rise. Off-shore Contractor (eg. Swiber, etc) will likely be affected may be for good (more service vendor will be needed to help clean up the BP oil spill) or for bad (lesser deep-sea drilling project if State (or environmental group) is to bring this activities to court until someone comes out with a solution to control such messy polution)
• Other may be North/South Korea war threat on the brink

The situation is definitely doesn't looks good. So we have to be patience with this downward trend and hope to catch some good bargain from US market in the next couple of days......Check out on "Citi" and try to fish it when it is between $3.1 ~$3.3 or MGM between $8.0~$10.

Nothing is for sure....in stock market. So invest on your on risk and assessment......

iPunter      ( Date: 08-Jun-2010 18:44) Posted: A rebound looks bleak now... European markets just got "pengsan" and Dow futures are not better than earlier on...