[quote=darkknight81,Jan 14 2009, 09:30 PM]

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Added on January 14, 2009, 9:36 pmOne more question here. What is the short term trend for our KLCI? For me i think at current level can unload stock already as downtrend is coming.


Just throwing out some ideas here.
1. US financial crisis. I think this is only the beginning. The outgoing Bush administration seems to be doing a patch job on the economy/ bailing out his cronies, leaving Obama holding on to the bag. It would seem to me that an outgoing administration will cover up whatever problems there are (unless they got too big to handle) and quietly exit the scene. The next administration would be blamed. Therefore, whatever we've seen so far is only the tip of the iceberg. I think that after Jan 20, there're a whole lot more surprises waiting in store. No, we're not decoupled from US economy and I don't see President Hu paying us a visit after Black October 2008. He did visit Indonesia though. As for our local efforts; Peru, Kazakhstan, Pakistan......we need FDI to preserve the value of our infrastructure.

2. The local property scene is artificially supported by our government. There are not enough takers even before the first half of 08, much less after that. The property bubble was popping even before October hit. You'll notice our developers get a lot of leeway over government policies.

3. Goldman Sachs manipulated the oil price globally. Who knows, who is manipulating it now. I think it is being kept artificially at a low price. For a finite commodity, the price fell too fast, too much.

4. Gold price is being manipulated. I'm not even sure it's too high or too low.