Tuesday, April 29, 2014

Want to know when the market will top out? Watch iCapital.biz

When the most conservatives of conservative are going all in. That is the time to finish your last sip of tea and run to a cave and cut off the stock market for 6 - 9 months. Watch out for RM 3.10 to RM 3.30 for iCapital.biz.

Sunday, April 27, 2014

It's about the time to be concerned

Did you receive any stock tips from colleagues at the water cooler recently?

Did anyone around you who have been bearish about stocks seem to be neutral about stocks? Or even bullish about stock market?

Did you notice some people pulling out money from EPF account to buy mutual funds?

If you look at the chart, the retails participation hitting all time high of 40% is something I have not seen in the last 5 - 6 years or perhaps about at the peak of last market top.

Foreign trading participation getting all time low of almost 10% is really telling something is not right about valuation or their risk appetite.

Old timers who have been in the stock market are really getting more and more concerned.

Tuesday, April 8, 2014

Jamming the keyboard........

I am going to just jamming the keyboard today.......please bear with me if I my writing is drifting going no where.

The economy landscape and business world had changed forever post financial crisis. The growth is very anemic. You feel things kinda of slow but it's not collapsing. Never it has that kinda of momentum that we get used to be. As a result, there are lot of funny things are going on.

You may notice companies doing insane things. They are not doing engineering and not making real stuffs. Let alone talking about solid investment. Capex???? That word is slowing fading into the far far away that nobody recognize. Instead they are playing with financial engineering. They can sell away real business and use the case the do share buyback or paying dividend. They don't care as long as the share prices are up. That is the new definition of shareholder wealth creation.

Beside playing with numbers, they also playing with people's life. Gone are the days when I learnt in business school about a happy employee is a productive employee. If you got a happy employee then your sales will soar because they will make your customer happy. Not anymore. People is our greatest asset will remain as a slogan that exist in 90s management textbook.

Gone are the days that a headhunter will call you on any other weeks hunting for talents.  The working class is definitely feeling the squeeze. The bargaining power is getting weak especially those in the manufacturing sector. The disappointing numbers coming out from the factory of the world - China - is certainly telling you that manufacturing sucks. Those still hanging on their jobs considered themselves lucky even though wages rise has been awfully slow. One man will have to do two men/women jobs.

The financial markets keeping hitting new highs....was wondering who was really benefited from the rising value. Perhaps Warren Buffet is right, those buying an index fund will beat the shit out of active stock picker. You must be crazy when the market doubled yet you are not making money.

I was at first feeling Malaysia would have a chance to turnaround because there are so many caring young people for the longest time really felt for their country. Instead of allowing the society to get more mature, you get intimidation. Even I was timid with my words in the blogsphere. Anything you write can be used against you. At the end of the day, the return of sledgehammer will break the spirit and their bones.......just look at the opposition leaders. Anwar, Karpal Singh, one by one was brought down.

The world is certainly turning upside down now but cheer up..........it's not the end of the world. Ciao!