Going Down
Oct 7th, 2008 by papabear
KLSE Composite Index closed below 1000 points yesterday. Good or bad? They said it’s bad. It looks bad and as far as I know, we do not want this to go down. We want petrol to go down further and we want consumer goods to go down as well but we definitely do not want our stock market to go down. That much I know.
The news lately talked a lot about the global financial crisis where some governments all over the world has started their bail out exercise, rescuing financial related companies from going down the drain. Whether we like it or not, we are feeling the heat over here as well.
Ironically, the US who once heavily criticized us when our government interfered to “rescue” some companies during the recent financial crisis are now doing exactly that. Now we know who the biggest hypocrite in the world is… And yet our economy is still dependent on the Dollar…
So, what’s your take on the global economy? What about our Malaysian economy? For those who have spent a lot during the recent Eid celebration, now the time has come to do some mathematics on your financial situation. However, if you want to remain ignorance, then don’t pick up that calculator. Ignorance is bliss!
As for me, Aidil Fitri is over and now to check on the spending. Unfortunately, there will always be the case on unexpected things that need to be attended to and in my case, RM 430.00 yesterday to replace the cooling coil for my car. I think I have already spent about RM 1000.00 just to fix the car recently but that has got to be done for a bit of comfort and safety.
So my cash has gone down in line with our stock market! That’s not good. Anyway, now that I have put this down over here, I feel much better.
Before I go further down and digress more, what’s your big spending during the recent holidays?
* Pic from The Star.
emm klci jatuh lagi..kalau ikut technical analysis..kalau dia touch 980 points je maybe bleh jatuh lagi teruk
zamz´s last blog post… Human Memory by Che Det
Reply
many smalls local company may goes bankrupt if their main customer exercise budget cut or if they main customer fail to settle the outstanding payment.
many workers may loss their job if many companies close shop
many peoples property may kena lelong if their loss their source of income to pay the monthly installment
this is the chain effect…
I Talk´s last blog post… The Ah Chong Workshop
Reply
mmg petunjuk x memberangsangkan kalo Composite Index jatuh mencanak2.
Itu menunjukkan ekonomi dunia jatuh dan seterusnya ekonomi negara kita turut jatuh…
Alahai Malaysia ku!
kakibangku´s last blog post… Lavezzi: Napoli won’t sell him
Reply
Despite KLCI drop.. my big spending on Raya is for my NEW SPECTACLES.. RM589.. frame is cheap, but the lens is expensive cause of new tech design.
smaelz´s last blog post… Simple but Incredible
Reply
shaxx … ry2 nih kita mkn2 & poser2 … ko men lompat2 lak erk kt blog org … exercise kew … hohoh … t’paksa m’nyerang comment box sbb ak x jumpa ko nyer chatbox … huhuhu …
Reply
mm aku banyak shopping untuk adik2 dan family, raya setahun sekali kan.kenalah coevr dgn duit nuffnang dan adsense aduhh,,mana nak korek lagik nih
lankapo´s last blog post… Di sebalik senyuman Damia Anura
Reply
bukan sume org paham pon pasal mende nieh shaxx…
few months ago mase sha sibuk2 pasal recession…ade yg buat blur…(tak taulah kalo org2 nieh tak bace surat khabar or tgk berita)
ade yg kate sha tipu… (yelah…sha kan banker cabuk jek)
i believe there are quite number of us who are looking into saving..
contohnye…raye kali nieh ramai yg tak bagi duit raye dan tak berjalan raye:D
cheryna´s last blog post… satu hari di hari raya: salam raya
Reply
KisahberuanG.com® » Going Down…
Things that are going down……
zamz, la ye ke? nasib baik hari ni close at 997.23
i talk, that’s going to be bad… oh oh!
kakibangku, tu la pasal… alahaiii…
smaelz, at least you have a new look now!
ghost_mar, aik! shoutbox saya masih ada kat situ la…
lankapo, rajin2 la buat posting lagi ye…
cheryna, awak mana ada bankers cabuk la… and tahun ni tak dapat beri duit raya banyak sebab balik raya dah lewat… heheh..
Reply
I’m more concerened with the effect on my pension in 15 years time…i’ll probably have to stay in some kind of work
tony´s last blog post… Plateau
Reply
tony, I know what you meant by that! one of those stuffs that we can do nothing much…
Reply
err..psl indeks komposit nie x pandai sgt..yg paham kalo terus jatuh, ekonomi jatuh..err,,leh bwk huru hara ke..??
ibnmasir´s last blog post… Pemusnah dosa – dosa
Reply
They say there will be a recession soon. But as far as bail out is concerned, it should work. Im still wondering, what is the reason behind recession if business is profitable? It’s not like we’re on WW3 or ran out of petrol.
My Gen2 broke down last month. I was quoted 10k to replace with the original engine or 9.5k to convert to Evo 7’s. I cant sell it, no one wants to buy a stagnant car. I never thought a car could weigh me down. What a bummer.
NoktahHitam´s last blog post… Be Happy for Me, At Least..
Reply
mm last time recession,1998 aku antara yang terkena tempiasnya. pelajar yang dibatalkan program ke oversea, dan aku masih ingat kata2 najib masa tuh.
“Kita bersungguh2 utuk promote tarik studnet dari luar datang, then kenapa kita perlu hantar student kita ke luar”…cam tu lah lebih kurang
Setahun lepastu jer, hanat rbalik student ke oversea just tukar nama program dari ADP ke ATU, ble camtu..
lankapo´s last blog post… Picture Raya @ Tangkak
Reply
Alah, hal bail meng”bail” ni Malaysia
dah lama wat,
dulu ckp krajaan kita amalkan kroni,
hah ambek ko US.
Salamat ari raya Papa Bear
Mohamad´s last blog post… Entertainment Earth’s Discount Coupon.
Reply
hehehe…sengaje balik lewat ke? ehemmm..ehemmm..
cheryna´s last blog post… the ketupat story
Reply
ibnmasir, economy drop, semua drop la bro… boleh hancur kita…
noktahhitam, something that I do not quite understand as well and somehow related to the greenbacks… Wow, 10K to repair your Gen2? What did you do? Raced on it? Why don’t you go for the older evo? They are much cheaper I heard…
lankapo, kesian ko… aku dulu bawah program KPP/TIEC II… merasa la gi Texas…
Mohamad, tu la pasal. dah kena batang hidung sendiri baru tau… Salam Aidilfitri juga!
cheryna, bukan senagaja tapi ada masalah logistic… orang ada lapan so have to wait for an MPV to be available… 3rd raya baru dapat…
Reply
aku xtahu sangat psl ekonomi..tp aku tahu..one man’s trash is another man’s treasure…paham2kan maksud aku tuh!
|1f34|-|1r3´s last blog post… Plurking & make money !
Reply
|1f34|-|1r3, biasalah tu… mana boleh tau semua… so kita share lah apa yg kita tau.. kannn…
Reply
It seems that every country are feeling the heat. hopefully it’ll ended soon and goes back to normal.
p/s : papabear, are you a broker?
. hehehe. just asking.
taukey´s last blog post… Buat Duit Cara Entah Apa Apa
Reply
Kita kenalah berhati-hati dgn spending . . .and try to think how to generate more income in this difficult time. Salam aidil fitri…masih puasa 6, esok raya…one of the measures to cut spending and doing ibadah
Reply
taukey, no I am not a broker but I do have about 80K stuck in unit trust… hahah… long term investmest, that’s what my agent said… ya ke?
rosli, good advice. Thanks!
Reply
Unit trust is a very good investment. A lot of my friends also invest in unit trust. even my parent does the same thing. I myself are going to do it as well but in the future.
taukey´s last blog post… Google Page Rank Dah Lapuk
Reply
taukey, I really hope that you are right!
Reply
[...] klci jatuh lagi (3%) – I think many Malaysians are upset or worried about the state of the Kuala Lumpur Stock Exchange where the Composite Index has been going down recently. I posted about that here. [...]