Sunday, January 30, 2011

Dow touched 12,000 points

Dear traders,

The Egypt turmoil has rattled the Middle East stock market and has also jolted the Dow Jones Industrial Average to be down 166 points on Friday, 28 Jan 2011 to 11,823 points.

On 26 Jan 2011, the Dow briefly surpassed the 12,000 mark for the first time since 17 June 2008. Everyone's been talking about a correction is due for the market. But the DOW is actually still 18% shy of its all-time high close of 14,164.53 in achieved back in October 2007.

We wonder how's the US market going to react when it opens its door today.


Tony Chai