no specific no. has been mentioned so far. only "undervalued".

well, the strange thing is there is a now lot of contention as to whether msia is still a net exporter or importer of oil. gomen officials hv taken pain to say msia is now a net oil importer but is still a net petroleum exporter when gas is included. banks and intl analysts insist it is net oil exporter. while 30% of gomen revenues comes from oil, there is a huge oil import bill too. so, perhaps it is at a neutral point...?

i think the weak rm is not just about oil anymore. more to do with little fdi, decreasing foreign funds in bursa, illicit outflows, unrelenting habit of borrowing more, confidence, etc. 1 mdb is certainly having an effect - if gomen/fin ministry declares a total bailout (consistent with past records of such bailouts n rakyat forgeting quickly so can do it again), we'll see significant rm movement again.
advantages of weak rm... only for exporters in usd like rubber glove and palm oil cos., their shareholders, directors and employees, maybe tax dept too. disadvantages, no need to list....

weak currency->attract foreign money to local equities...? i think they will come if they can see the currency strengthening and not continuing to depr against their own currency. as it is now, i believe foreign funds are still net sellers every month for the past 1 yr or so. which probably partly explains bursa's sterile behavior lately - 54% bursa is owned by glc's, local funds like epf, local syndicates and punters trading but little foreign participation. and dun forget not only the rm is the worst performing currency in asia in 2014; bursa is also the worst performer among asian bourses in 2014, losing 13%:
http://www.therakyatpost.com/business/2014...ian-currencies/
http://www.bourseinvestment.com/content/wp...utlook-2015.pdf
looking ahead, have things changed or major efforts put in place to reverse the trends? that's the big question, isn't it?!
quite true - house prices doubled in last 10 years. some doubled in last 5 yrs!
food prices (except some veg, i suppose) have also doubled in last 10 yrs.
salaries probably average 30-40%.
the effects are clear!

Did you let out the bears?  SP500 lost 50 pts in two days. 

1st qtr 2015 - djia, s&p500, nasdaq all flat.

so... no bull, no bear, boring!

only gain is exchange rate!

Did you let out the bears?  SP500 lost 50 pts in two days. 

I hope not. 50% for SP500 is HUGE!...
That's like another calamity of world recession.

you are happy when it's bear, and you are also happy when it's bull.

Conclusion:
you are a Hedge fund manager

       

Any slot for recruitment?

yes Dan. this reminded me of our local market in 80s, 90s in which the share markets were filled with labourers, vege sellers, retired uncles and aunts, i remember i stepped on few leeches inside a trading floor of Phileo! peole were shouting and dancing at the close of markets. there was once an elderly man got a hear attack and fell to the floor but no one cared! Penang sites had always been the first in Malaysia to impose trading credit. Then, the marlet will crash.

ya, crazy...

aapl, ibb... bad.

only bright spot is oil.

managed to sell my amba at session high. 3rd time in 3 months, 5-6% net profit each, happy.

gotta to lay back n watch

wow ...  a poor job creation simply wipe off all dya's TA and god news on oil etc etc .... RED !

oil is good, 62.

i m about to close a position for groceries this week.
but aapl under anti-trust probe...

and yellen remarks not too good.

looks like no rally afterall....

Thanks Dan for the detailed insight.

...yellen talked about high priced equities and the world is collapsing like 911..dont like her style nor her speech manners since day 1. Greenspan and bernake would be more.diplomatic n choose more considerate words with cushions. Urgh!

Global selloff in gov bonds!

I was thankful.that yellen did not say "its time for correction". Else fire rescuers will find me under a mass of debri which is once my corner double storey house. Huh!

tonite looks like nasdaq nite....

baba, yhoo, nokia racing ahead. aapl....??!!

oil/energy diving...
ok, i got my consolation prize, probably can sleep early.

Things r  cooling down. Doesnt look as bad?
expecting a yoyo evening with UK election drama.
baba jumping via its better than expected result...(dont know anything faked or not in this china accounting).
is it worth to catch falling knife? Tmr friday job data wont be good as wed data was seen as the preview.to fridays data.

Fasten my seat belt n see from far...

Looks like I better stay diam diam as usual......
(my positions all in the reverse direction of what the usual folks here holds......)

UK. Conservative won so biz as usual but bills might be passed as there are co-parties in the gov?

nymex back to 58 and sliding slowly. Europe is healthy....and my sune and twtr r fighting well. Lol

Dear all,

I am currently investing in Berkshire Hathaway through our local Hong Leong bank.
I am keen to attend next year's AGM. From Berkshire's website, I found out that each shareholder is provided with 4 meeting passees.

The problem is, my account with HLB is a nominee account and I have contacted them on obtaining these 4 passes. The answer I got from them was that they will 'try' their best to obtain the passes but can't guarantee anything.

Has anyone got any idea if I can get the passes myself by writing to Berkshire or any other solutions? Please help.

PS: their agent bank from Singapore that is supposed to get the passes is UOB Kay Hian.

Haha the irony. But if you look closely at BRK's structure, although BRk doesn't pay dividends, the businesses it owns do contribute to BRK. 

I plan to book my tickets and accommodation, so I can't depend on 'try'.

Yesterday big names ie Goldman, Merill, Chi corp all shorting the futures and they haven't cover their shorts yet. I haven't seen their calls went wrong for so many years.

Will this be the first time they stand on the wrong side?

Interesting.

got one already. hopefully one more.