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 How will election affect market tomorrow?

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dreamer101
post Mar 9 2008, 09:44 AM

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All,

Stock market will go down since the government no longer has to support the stock market after the GE.

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dreamer101
post Mar 9 2008, 10:25 AM

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QUOTE(wyxyz @ Mar 9 2008, 10:18 AM)
yea..stock will go down. mayb just for temporary la..coz all the gov croniez companies. lolz..bursa malaysia will bounce back.a cleaner and transparent gov
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wyxyz,

Stock market will go down for a few years. Our stock market had gone up 30% per year for 2 years. But, our economy only grow at best 6% to 7% per year. So, the stock price is unsustainable. The ONLY reason that is going up recently is because of GE.

And, I have not throw in the effect by USA recession yet.

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dreamer101
post Mar 9 2008, 12:08 PM

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QUOTE(kinwawa @ Mar 9 2008, 11:19 AM)

i dun mind keeping my money for few years in stocks (stuck there if share drop tomolo) if it means a better life for me n my future generation.....

i believe if things are done correctly....there's still hope and KLCI will eventually bounce back.....
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kinwawa,

<<i dun mind keeping my money for few years in stocks (stuck there if share drop tomolo) if it means a better life for me n my future generation.....>>

You buy individual stock not KLCI. You should buy stock/company that can survive recession to begin with. If you do buy KLCI, then, you are supporting GLC. So, your money deserve to go down the drain.

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dreamer101
post Mar 9 2008, 09:16 PM

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QUOTE(kinwawa @ Mar 9 2008, 06:28 PM)
pray pray hard that market won't tumble....and tat foreign fund will view the election result positively
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kinwawa,

<<pray pray hard that market won't tumble..>>

1) Why?? I am praying for PANIC selling so that I can buy more PBBank.

2) If you have PBBank, why should you care about the market drop?? You are collecting good dividend every year. Why would you want to sell the stock??

3) Anyone with common sense would know that the stock market will drop eventually. Going up 30% per year for 2 year while the economy is growing slowly. The stock market has to go down to reflect the reality.

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