Posted by usry > 2012-09-05 13:51 | Report Abuse

Today 5/9/12 selling day...

Posted by Sahalim > 2012-09-05 13:53 | Report Abuse

Tension day..Lol

Posted by usry > 2012-09-05 13:59 | Report Abuse

On Monday it up 5 points and on Tuesday it maintain....than today start it start falling down.

Posted by herbert456 > 2012-09-05 14:03 | Report Abuse

As at noon, 560 counters DOWN and only 100 counters are UP in KLSE ..... how not to be tension?? Look like the whole country is on SALE....

Posted by tonylim > 2012-09-05 14:04 | Report Abuse

usry, any body receive this? my remisier sent to me today.
Fearful ... It's Coming: One Pro Sees Big Stock Selloff in 10 Days

Published: 4 Sep 2012, 8 hours ago

An equity strategist for Goldman Sachs is predicting a September selloff that happens so rapidly he is telling clients to protect themselves before Sept. 14.

The reason: Market disappointment over key meetings of the European Central Bank and Federal Reserve—all within the next 10 days.

An ECB Governing Council meeting takes place this Thursday amid growing expectations that ECB President Mario Draghi will lay out some dramatic measures, such as bond purchases or yield caps.

The Fed, meanwhile, meets on Sept. 12 and 13 amid hopes that the central bank will decide on a third round of quantitative easing.

“Our conversations with clients suggest investors anticipate decisive ECB action...and announcement by the (Fed's) FOMC of another round of asset purchases (QE3),” wrote Goldman’s Stuart Kaiser in a note.

But Kaiser doesn't think the Fed will embark on a third round of easing so soon, nor will the rest of Europe—namely Germany—support bold steps by the ECB to resolve its debt crisis.

Bottom line: investors will be disappointed and dump stocks.

In an unusual step for an equity strategist, Kaiser recommends clients purchase S&P 500 puts expiring on Sept. 14 with a strike price of 1375. The holder of this put—a contract to sell an asset at a set price in the future—would gain if the S&P 500 falls below that price before then.

Goldman cited the 10 percent rally in stocks since June, rising sovereign bond yields, and a rising CBOE Volatility Index as reasons to be cautious as September begins.

The firm is hardly alone on Wall Street in its bearishness.

Strategists collectively recommend investors put just 44 percent of their assets in equities, according to a recent survey by Bank of America Merrill Lynch.

That is the lowest asset allocation level for stocks since at least 1985 and down from a long-term consensus weighting of 65 percent.

Posted by brutusbeefcake > 2012-09-05 14:12 | Report Abuse

i like selloff!!!!

Posted by euscilyn > 2012-09-05 17:05 | Report Abuse

Sometime I'm quite wondering should we worried the euro-crises? Why the US & Euro crises affected our market? May I ask a stupid question...
1) If those fund manager loss confidence in west country will they turn concentration to us?
2) Will those foreigner investor will turn us too?
3) If yes, why as a local investor what's actually scaring us about? Does our dumping action chase them away?
4) If no, why the market doing well activity and hitting new high records? Is there any bearish symptoms towards us?

Posted by kong73 > 2012-09-05 21:37 | Report Abuse

euscilyn...difficult to answer..i dunno...maybe that is the way it is...maybe our psychology is affecting the market...humans are funny lot.

Posted by stock5678 > 2012-09-05 21:40 | Report Abuse

they already cannot stand to continue pushing. so finally let go now and catch back at lower, let small fish die first

Posted by usry > 2012-09-05 21:49 | Report Abuse

Agree with Stock5678.. since early June till End of August our KLSE in up trend although other countries in 'up and down' mood. This is the way how our government try to 'fish us' to jump in the market.The truth is they only support & push the 30 index link counter to maintain our market performance.
Now look like they are dry of money to support and let it be...

Posted by EmoTrader > 2012-09-05 22:25 | Report Abuse

euscilyn: Market operate based on:
1. demand and supply
2. Fear & Greed

When more demand (Money) got to market, then call bull market like in 1990s, bank go so much fund until they dont know what to do, so they invest all fund, thats y in era 90s, market was so bull, buy any stock sure earn. Now many bank got debt problem, so no much money go to market. Fear & Greed like when market start panic people will start throw what ever price. any bad news will effect trader emotion. Good news will lead to greed. Hope u understand it.

TQ