Budget 2010 Effect On FBM KLCI Is Over
Budget 2010 reviewed last Friday did not see a vary good budget. Due to the budget, FBM KLCI was supported strongly and now the element of surprise is over, will FBM KLCI drop below 1,200? For me unlikely will happen not because of Malaysia economic fundamental strong but due to FBM KLCI index can be support by only Banking sector and Plantation sector.
However I think month of Nov will drop compare to Oct. Think may turn wrong if you see US DJ index chart already showing some sign of weakening. I think it is better to be ready to next big correction.
1 comments:
Hi Sir,
May I exchange blog link with you ?
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