Not too long ago, ppl talked about Oct Myth.
Now so positive about market   
The mode changes faster than everyone initially thought 

DOW coming to 10,000 very soon.

Before END of MONTH. Big DOG (Dow) earnings coming out, in a row starting today.

Now who says OCTOBER got crash leh??

Most bull moves do not end when they are hated,
They come to a halt and reverse when
they become over-owned and over-loved.

Please say something possitive... 

how about "Lack of demand for dollars has driven the euro, Australian, and New Zealand dollars to 13 month highs, taking out levels last seen during Lehman’s bankruptcy"

- traders still selling USD like no tomorrow....

DJ rising up again

GBP=>MYR will be 4.xx after the next election in UK when Cyclops gets his marching orders........
Can't wait!

CI also tarak volume
also fly sky high
treat stocks market as magical show
it's always unbelievable 

You're the economist - you can figure out the fiscal situation pretty accurately (give or take 10 or 20 billion pounds) on the back of an envelope, I would have thought!

That's true....but why would BNM strongly depress the ringgit? (i do agree that it looks that way, by the way.)
50%++ of Malaysia's earnings are O&G related (priced in USD) and the country isn't so dependent on finished goods sales to the US as (say) China, Japan, Korea.......

even our foreign reserves will be adversely impacted as majority is USD denominated.

If RM going to fast, it will hurt exporters. Do remember, bulk of export is E&E, (electrical and electronic product) which is sensitive to pricing. If RM appreciate too much, it means Malaysia product become more expensive and will drive importer to source alternative place.

Malaysia gov earning, 50% is come from O&G, but not on export side, it is 2 different things. See the export figure breakdown will explain it all.

Malaysia economy rely heavily on E&E and export orientated product which is one of the main driving force and job provider in the countries.

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Added on October 14, 2009, 12:39 am

Foreign reserves increment depended on trade surplus as well as capital inflow.

As we know, there is only a few foreign participant in local stock market, so there is little inflow of capital which can result in surge of foreign reserves.

Foreign reserves doesn't represent the strength of economy recovery or not.

In fact, if domestic demand is strong, you will see foreign reserves dipping because local people have strong purchasing power to buy goods from overseas i.e. import a lot resulted a trade deficit, which happened before 1997 crisis. Since after 1997, Malaysia and Asian region countries never has a trade deficit.

Having said that, trade deficit is not good for the currency. But too high trade surplus also not good, as it just means you rely heavily on export, while your domestic demand is weak, i.e. your people have low purchasing power in other word, your people earn little.

China has trillion of foreign currency reserves in USD. While USD has tiny foreign currency reserves (they don't need to have at all, because want USD? print it! it is their own currency)
US has negligible foreign currency reserves, which is much lower than Malaysia, because foreign currency reserves is not applicable for US and useless as every trade (with US) in the world is about USD.

But US economy is stronger and 3x larger than China due to its internal strength ie. domestic/consumer demand which make the countries economy strong.

A good and strength of economy come from balancing on both side, either one will means something is not right.
Btw,
One way to track whether foreign fund is entering KLSE or not can through BNM foreign currency reserves as well.
If there is huge inflow, you will see some jump up in foreign currency reserves figure.

yes, every1 including me ... now? Rm7 and will not stop there. PANA got few kilos of Maybeng.. 

There's more behind it.

USD is so cheap, interest is cheap as well. So, can consider NYSE /US market as cheap to invest..

Cairn agrees Petronas farm-out, India stake sale

Date: Wednesday 14 Oct 2009

LONDON (ShareCast) - Cairn Energy has agreed to farm out a 10% interest in its existing six operated blocks offshore Greenland and sell a stake in its Indian business to Malaysia’s Petronas.

The Edinburgh-based oil and gas exploration and production company said Petronas has upped its stake in Cairn India (CIL) by 2.3% to almost 15%.

It will pay $240m for the Cairn India shares and $70m for the Greenland position.

Petronas also has an option to double its interest in the Greenland blocks to 20% in return for extra payment.

"We are delighted that Petronas is joining with us in Greenland as we take forward our leading exploration position,” said Cairn boss Bill Gammell.

“The acquisition of additional CIL shares by Petronas reflects our shared belief in the continuing growth potential of Rajasthan while giving Cairn increased financial and operational flexibility in line with our growing confidence in Greenland."

at least maybank will raise.
If you buy TM or YTLPOWR, be prepare to buy and sell at same price..

CIMB already too high. PBBANK also quite high.
Leftover is MAYBANK and AMBANK.

Maybank was once RM11++

You do not know your currency is cheap or low if you don't go outside to see.

Just like RM is appreciating against USD (be it rising or dropping), do you know? You don't know until you are doing export/import or need to have forex transaction involved.

As with USD is depreciating a lot, it mean higher profit for Microsoft (as they report porift based in USD), so with higher profit, higher share price. Share price always follow the profit figure which is the basic of stock investment.

Those buying share one are not from blue collar workforce that are jobless at current moment, but from mostly from rich one, hedge funds, mutual funds etc.