Last night the Dow Jones Industrial Averages was closed at 11,123.11pts., while the Nasdaq at 2504.86 and the S&P 500 at 1210.65 pts. The highest pts. achieved since the lowest it stroke at 6547.65 on March the fifth 2009. A year has passed since the destructive event, the well known the montgage credit disclosure.
"The country's modest rebound is sustainable", that is a little words touched by the Federal Reserve Chairman, Bernanke.
Joel Naroff, chief economist at Naroff Economic Advisors, also making a statement that although unemployment rates was still high, job and income gains may be minimal, consumer confidence may be low, but it doesn't mean that the consumers stop spending.
Those are the gists astounding the world market, and the rumours spread throughout the world. The stock market advances without turning back!.That is the nature of the stock's character and behaviour.
We in Malaysia, will be also experiencing that episode. Let's watch it at our stock bourse, today.
I'm still confident about this stock, Cscstel. High dividend and their cooperate figures still grapping the counter. From my experience, when there is a dividend, that stock will be advanced till the day of the lodgement date. That is the normal situation. If not it will moved and moved, depending on whom are the main figure in that stock.
Today, another stock is listed in my notebook. A new comer, by looking through the volumes subscribed on the 13th April 2010. I thought there are players there. But yesterday no volume. Go in, when there are volumes followed by the price increment. Oh! sorry, I forgot to mention the stock. Try to watch this stock, Hirotako.
It resistance is around 0.89 cents. Watch out for this value.
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