Market update 25 August 2011

Dow jones index rallied 143 points to close at 11,320. If you've read my previous post on Singapore companies were late in commercial payments, then you should have realized that we're really standing at the edge of the cliff now. Companies late in payments will result in lawsuits, which will in turn become court case then many companies will declare bankrupt. The problem will always start with companies. Tomorrow will be the Fed meeting everyone Is waiting for. Let's see what will happen.