Yes, players in KLSE over reacted in throwing away all the stocks on the cheap. Too fearful of the memories of 97-98 currency crisis being recalled n refreshed by the free news n essays on the net.
DOW's current weakness seems scary. S&P 500 is in normal profit taking activities. Nasdaq looks like nothing bad is about to happen.
What r these indices telling us n which index to follow now ?
07-09 subprime crisis was allowed to happen with the whole purpose of
killing the demand of # 1 USD enemy, EURO$.
This time around there seems no compelling motive for FED, maybe a time
to strengthen the USD on a measured pace across the board.
The side effect of safeguarding the USD caused the US mkt to crash miserably to Mar 09. It is like the mkt had dropped into a big deep drain. To bring the mkt up, FED has to implement 3 successive GE 1, 2, 3. In so doing, FED has spent so much money to bring the mkt up n running.
Do u think FED will let it drop into the drain again ?
It should be a time US wants to make back all the money in the world. n the 1st move is to strengthen the USD over time. With stronger currency, US can import more for the same money. The shining USD is now attracting demand by traders n the return of USD as the main international currency for business n trade ever again...
US stock mkt culture is based solely on daily news flow.
All the reporters n journalists of free internet news portals r controlled n salaried by the prominent hedge funds. Either way, they will dramatized the news to the easy benefit of the funds.
And lots of highly educated readers with good englan always r being taken to the 'cleaners' following those free news essays.
Importantly, all of us have to make a stand whether these r noises or a real start of new damaging world crisis event capable of leading to bankruptcy of some PLC in wall street.
Sometimes n at times like this, we must think it is not that easy to crash a mkt !
Thursday, 22 August 2013
Tuesday, 6 August 2013
" Selamat Hari Raya & Bull returns "
To all Muslim Friends,
" Selamat Hari Raya Maaf Zahir Batin "
& Non-Muslim Friends,
" Enjoy the holidays "
Next week onwards, all the high rollers r expected to be back in action
full time.
The 'kwailor' took the opportune time to downgrade our country knowing
very well that our powerful high roller fund managers r away in the
festive season. Only by doing so, their voice can be effective to plunge
our stocks momentarily. Not to worry, these rating agencies r known
to be always looking at the rear mirror. They r completely blind n will miss the bright future ahead.
No wonder after few hundred years, pple in China still call them
'kwailor' = foreign-devils for offering opium to the men. With this
very dirty trick, the 'kwailor' won the war and China had to let them rule
Hong Kong for two hundred years of massive gains.
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