TKS MR OTB,FOR YR DETAILS OF KLCI MOVEMENT,IN BEAR MARKET WHAT STOCK WE CAN LOOK OUT,YOUR ADVICE IS APPRECIATED, FOR THOSE WHO HAVE LOST MONEY THIS ROUND ,CHEER UP IS NOT END OF THE WORLD
If Oil price goes up further, its good for the O & G companies. If oil prices drops to say USD 60- USD 70 then it may not be that rosy future for O & G companies.
Goldman Sach's at end July 2013 had forecasted Oil price at USD 105 for the next 12 months.
What is the oil price now??? Is it higher than USD 105???
The tricky part here is the drop is driven by foreign investor is pulling out money from emerging market and cause big drop is currency exchange started with india rupee and then spread to other country like indonesia , philiphine and also malaysia. This was last seen in 1997 -1998 crisis. Once currency drop it will affect the country economy and foreign investor will pull out from market share and convert to other currency like US dollar. In addition country GDP will drop and may lead to recession. This is what i afraid of . I hope im wrong but becareful . It not possible to happen again. Next klse support is around 1680 and 1650 . If this is break better watchout. Monitor also for GDP figure and currency exchange. If further drop in ringgit then it is not good. BNM will interfere. However, if recession is become reality it is actually a very good opportunity for u to become rich guy once economy recover. But u need cash and holding power to do that.
There are basically two key strategic future catalysing factors that have an impact on future direction of equity prices in BURSA: - No 1: What is the effect of FED tapering on growth in worldwide money supply. If worldwide money supply contracts, then there will be big financial chaos. The powers that be in the global arena will make sure that this scenario will not happen suddenly and in the event that if it happens , it will be extremely gradual as they already have the benefit of going through the learning curves in 2008 financial contagion and be rest assured that in the event of any future situation of financial distress, there will be much better Global Central Bank coordination to minimize distress on the financial markets globally - No 2: What will be the impending budget for Malaysia be and will it be investor friendly and who gets elected at the forthcoming UMNO elections as currently there is lack of clarity on these two important issues and my take is that the catalysing factor that resulted in Gap Up of BURSA arising of BN forming the government has inadvertently vaporised into uncertainty due to lack of clarity of these issues. When these two issues offers clarity in due course , BURSA will respond accordingly
The emerging stock markets and currencies had suffered severe correction recently and on a medium term basis their currencies and stock markets are relatively much cheaper and consequently offer opportunities to equity investors and the export driven economies/companies in the emerging markets
looks like bottom already. stonenut busy buying .. haha btw, war will only be cruise missle for two days. military analysis. US won't throw the current regime in total as US don't like certain section of the rebel too. Just dont play contra
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
zKingDB
764 posts
Posted by zKingDB > 2013-08-27 18:34 | Report Abuse
1318.... in chinese means "forever rich"