KLCI had drop 33.56% since Jan 2008
Till 31 Oct 2008, KLCI had drop 33.56% since Jan 2008. Back to Oct 1998, we had see some positive sign from the 1997 crisis and KLCI is start to turn, but for this time the sign of turning is still not seeing yet.
I personally think that now still not the time to buy in into KLSE for investment. If you had follow my posting about KNM buy in below RM 0.60, you should sale out the share by now to make some profit. Thing may turn bad anytime and better keep your money in safe.
However now Gold is also not profitable compare back to 1997 crisis, only in month of Oct Gold price have move up and down like share price. We also see Silver price drop and a lot of thing happen not follow the formula we know before during 97 crisis.
Crisis will end and econonic will up again, thats why crisis will give us a good entry point into the market to invest for long term.
as we know before when we face 97 crisis
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