Dow dropped another 258 points and European major markets also down hard yesterday.
Greece was the reason, same old story..... market fear Greek will default. As Greece said there won't be able to reduce its budget deficits as much as it had agreed to as part of a deal to receive more emergency loans.
As usual when these news being announced, market just collapsed. Any slight bad news from these country will scare the investors away.
Markets are worried Greece will be the next Lehman Brothers in 2008.
Oh well, another red red day awaiting KLCI !
Tuesday, October 4, 2011
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