Dateline January 12, 2009.

DAILY COMMENTARY.

Friday Markets Closing Prices.

KLCI 919.07 up 8.55 or 0.94%.
DJIA 8,599.16 down 143.28 or 1.64%.
Crude Oil US$40.26.
March FCPO RM1,937.
Ringgit 3.539.

World News.

U.S. unemployment hit 16 years high of 7.2%. Together with part timers who can't find a job, the unemployment numbers could soon rival the Great Depression level of 25%.

Stock Market Outlook.

Slowly accumulate especially at key support level of 860 to 880 level for a possible bear market rally of 10%-15% upside potential based on hope of commodities price recovery, k.t'ganu by-election, new U.S. President inauguration and big stimulus package, Chinese New Year, UMNO election and Najib Razak taking over as a new Malaysia PM in March 2009.