PBBANK Accumulation Stage About To End
As we enter the last month of year 2010, most of the share market around the world will likely to start windows dress and QEII US printed money may likely start to flow in base on the high push up of Gold price at last closing Friday. Gold price just hits above 1,440 per ounce last week.
High Gold price plus inflation of food price is the sign of more printed money will flow in into money market cause the value drop.
In Malaysia government already not mach money to support the economic so we need to open the door for all this hot money to enter and make the share market fly and show that Malaysia economic is recover strongly. Hot money may likely to target most of Malaysia FBM KLCI component Bank share. Like PBBANK, the share price had accumulate for more that a month so any windows dress from US and Euro market will also help Asia market to go higher, for FBM KLCI to go higher Bank share need to fly.
1 comments:
Dear sir: Can we have a backlink blog to each other. If yes, I will do first, then you. My blog is Malaysian Economy Update
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