You really have to give foreigners some due respects for they are able to maintain clear heads to snap up bargains during panic selling. You can see very clearly that there were waves of selling in October but Malaysian market actually experiencing net capital inflow. The amount was not significant but still telling us something.
How is our neighbor Singaporeans whom always think they are more superior and smarter than others fare? Not doing much better, they lined up to redeem their unit trusts when recession hits them.
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We, however, cannot laugh at them because when Malaysians hit the wall after Chinese New Year, I fear that many too will line up to redeem their investments. If this scenario comes to pass, it will present an excellence to snap up bargain again.
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