That's the way it is during the BN days, when M'sia is regarded as a defensive market. Before the 2 bad years for the M'sian stock market.

Removed.

This post has been edited by Icehart: Apr 17 2020, 12:05 AM

Is it because Malaysia only 30 stocks as benchmark?

so is DJIA

1400 broken!

Where da bears? US Premarkets pumping too

we will only know if its sustainable. I hope so too

all shoot to the moon. Ship has sailed. Wait for 20 years now.

but with 98 and 08 crisis, the rebound lasted a month of two before going further to south. Will history repeat?

especially when everyone is so optimistic about the market right now, i'm a bit scared to be honest.

but again, we'll have to take the known factors like covid and modern information transmission into accounts.

hell freaking confusing.

Bear temporarily drowned by flooding of QE and stimulus rain...

This time of crash came in way way faster than last time, so it also bounces as fast.

Last time, drop 1-3% per day. 3% was already considered big move.
While this time, dropped 7~8% per day.

1 to 2 weeks already dropped more than 20% already.

U still believe bear will come?

FUUUUUUUUUUUUUUUUUUU.

green flood today. no chance to average down before salary day liao

ya, and we did keep dropping since 2018. non-stop kena gaogao because of political moves.

Chance is pretty low for big crash further.

Even with idss?

Shorting at current market is suicide mission... especially in US market.
IDSS is not a problem.
Margin call selling was more pronounced during the crash and often margin call selling sunk the share price way deeper, to get out no matter what price.

Having said that, there are pocket of worrysome issues needs to be watch out.
The extreme low oil price and potential NPL rise for banks.
Watchout highly geared companies as well, yesterday, there was a news at Sg about a big oil trading company facing liquidity issue, when banks reluctant to issue LC as last time.

It is not a total bull market. But a rebound from extreme bottom. It may go flattish or range bound afterwards, as recovery takes sometimes.

Watch the oil price, it provides the ultimate barometer about the world economy and recovery.

Stock selective is the key going forward.

what makes you said that? has everything been factored in? this is the question i keep asking myself

Big crash often due to fear of unknown, currently there is little unknown factor.

1. Pandemic effect - known
2. GDP shrink - known

One big key factor or problem for bear camp, is Fed and stimulus money, those come in trillions. Almost "buy up" half the economy. Fed has unlimited QE + US 2 trillion stimulus. The entire US economy size is about 20+ trillions.

I thought so too, for the bear to be back will take another 6-8 months at least. Not anytime soon.

Y so long