becareful of window dressing. post WD will hit new low.

Posted by optimuss > 2014-12-09 18:17 | Report Abuse

all klci put warrant is factoring klci to drop below 1700 substantially. the only strong support for klci is 1600. and that was with the blessing of Oil price staying at 90-100 level. goldman downgrade oil at 80, say will drop to 75 morgan at 70 downgrade oil, say MAY goto 45. who else would turn up to shout lower target? with oil price lower n lower, its a no brainer Malaysia debt will be downgraded to junk status. if that happen. 1600 also cannot be supported. do not fool yourself that you are longterm investor bla bla. when tsunami come, no matter how solid built your house is, also gone.

1 person likes this.

2 comment(s). Last comment by rchi 2014-12-09 18:33

optimuss

1,321 posts

Posted by optimuss > 2014-12-09 18:25 | Report Abuse

current mkt is not the usual drop and then rebound like nothing happened. which has happened countless time in the past.

have u seen any counters rebound from low lately? all keep printing new low. dj up, shanghai up, nikkei up here keep dropping. stock drop, currency drop, and our export value also drop due to bad mkt price, oil, palm etc.

only 1 sector is benefiting from this situation. big semiconductor. gtronic, unisem, mpi.

rchi

20,946 posts

Posted by rchi > 2014-12-09 18:33 | Report Abuse

well said,msian govt is running short of money due to oil price slide.
soon we will hv domino effects in most sectors except those export sectors.
bull mkt start frm around 800,taking 1896 as top it gained 1100 pts in 6 yrs.
look out below if oil pr dun recover quickly.

Post a Comment
Market Buzz