Friday night's Announcement of Malaysia's 0.1% GDP Growth for the 4th Quater of 2008 was no surprise. A huge Drop from the 4.7% Growth in the 3rd Quater. A Financial Recession is defined when there are 2 consecutive Negative Growth of two Quaters.
Meaning to say, if 1st Quater and 2nd Quater of 2009 is Negative Growth GDP, Malaysia would be officially in a National Recession. We are in no doubt a Financial Crisis world Wide now.
To imagine that a few listed companies are being delisted. And even the Famous FERRE Fashion Brand Company has applied for Bankurptcy in Europe. CitiBank has requested more fund injections from the Goverment. Singapore GIC has taken up to 11% is CitiCorp Holidngs and has become the 2nd largest stake Holders in CitiCorp.
Things and looking more grim and negative as the day goes by where there are more bad news coming out everyday.
F&N Malaysia have lost the Coca-Cola Frenchise. Malaysia Goverment will launch a new Stimulus on 10th March this month.
Do be cautious when trading in the month of Feb & March. Pass History shows that this two months are very volatile and are more down trend and also when Major Sell down occurs.
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