Not Completely Miss The KLSE Bull Run Yet
That is a critical issue for countries such as China that hold hundreds of billions of dollars in US government debt. If the United States is unable to control its long-term deficits, it could weaken the dollar and drive up inflation, hurting the value of those dollar-denominated assets.
US Treasury Secretary Timothy Geithner, on his first visit to China as Treasury chief this week, announce sought to reassure Beijing that the United States was committed to living within its means.
I think likely USD value may sit in this leave or below for some time, so as long as the USD currency leave is low I think most of the foreign fund will be in KLSE stock market for some time before any big change in Investment. Another than that China investment fund also see so increance investment in Malaysia share market.
Base on the chart also, KLCI is due to a correction and support will be in 1030 leaver. Gold price had start correction and I think share market will follow soon so this correction is a good entry point. However risk always in share market so buy in carefully is a must.
1 comments:
Market look way overbought right now. Fundamentally, things are not good. Like i said, fundamentals are very dynamic nowadays, what was good three months back may not be good today. Furthermore, latest unemployment in US suggest retrenchments have not reduce its pace. Here in Malaysia, things are not getting better. We may see few listed companies go bankrupt especially export driven ones. So i opt to stay sideline at the moment. I dont believe the hype analyst are pumping nowadays. You just open todays news to read so many recommendations. Market may go into dip correction.
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