Monday, September 13, 2010
Good news all over the place.
From a double dip recession talk, suddenly, the whole world is filled with lots of good news - CHINA is heading for a soft landing, Asian banks are well capitalized, Euro zone growth is doing fine, etc.......
It will be interesting to find out where KLCI wil be heading. Normally higher beta market like Hong Kong will peak first and our market will be the last man standing. This time round Hang Seng Index is barely making any new high. Dow Jones on the other hand has not challenged 11,000 or 13,000 yet. When those markets go higher, can KLCI super-charge and go even higher?
With such a generic talk from me means I have no idea where KLCI is heading for now.