Wow Massive sell down now in Dow. This might be a new crisis but what is the caused of this?Sub-prime issue? Oil hike and Turkey War? Or major market players are trying to force helicopter Ben to cut fed rate again? I see it as the later. We know how powerful a cut in interest rate can be. Please re-visit your econs 101 or see the last Fed rate cut and it impact. Anymore rate cut can hurt the dollar and may lead to long term issue.
Closer back home, the impact of Sembawang Marine in the marine sector can been seen. Especially true to Cosco Corp, where they dump 32 million worth of share to cover their backside. A stupid move in my sense for Cosco Corp is a stock that can hit $10 end of the year. After market today Cosco announce that it has secure US$1.36 Billion worth of contract. Sembawang should have hold and leverage on Cosco Power. A few people has their eye on YangZhiJiang as the next Cosco in the making. Currently, YZJ seem to have some similarities as Cosco 2 years ago.
That all folks
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