Comments on: RM149 billion KLSE losses in 5 days - PM/Ministers not stock market consultants

By: Feel good? Ikan temenung pun sombong! « RASUAH yang PARAH

Feel good? Ikan temenung pun sombong! « RASUAH yang PARAH — Tue, 20 Mar 2007 12:54:23 +0000

[...] pasaran saham jatuh merudum sehingga menyebabkan Perdana Menteri dikecam kerana berlagak bagaikan perunding pasaran. Menambahkan sumbangnya irama “feel good” Perdana Menteri ialah apabila indeks [...]

By: rm 0.02

rm 0.02 — Sun, 18 Mar 2007 11:34:21 +0000

I think that the PM should not be solely blamed for the losses suffered by small time investors during this latest correction in the Bursa Malaysia and a lot of criticism directed at him for his comments preceeding the correction is unfounded.

As an individual he is entitled to an opinion of his own, although admittedly being a person of power, he should have known better that whatever he says will be used against him if things go wrong. He was not alone in his assessment of the performance of the stock market; there was a slew of good news and upgrades from analysts, both foreign and domestic. Why weren’t they taken to task as well?

I believe it was just a matter of timing of his comments. Were his comments made just a month or two earlier, I’m sure everyone would be singing a different tune now - in December the KLSE Composite was hovering around 1,100 pts only!!

Investors can only be responsible for their own actions. Following the herd mentality can be destructive in times like this; if instead proper research had been done, investors could weather this short-term losses and come out profitable in the medium and long-term.

Let this be a lesson to all investors out there - what goes up must come down, eventually…

By: bennylohstocks

bennylohstocks — Wed, 07 Mar 2007 19:21:03 +0000

when to sell..
http://malaysiancartoons.blogspot.com/2007/03/new-stocks-consultants.html

By: shortie kiasu

shortie kiasu — Wed, 07 Mar 2007 10:04:43 +0000

As far as the stock market is concerned, nobody take responsibility for whatever opinion expressed, but it imprudent for PM or minister to talk people in believing something that is so intangible and so uncertain.

So but we have it here in this nation.

By: littlebraain

littlebraain — Wed, 07 Mar 2007 07:22:21 +0000

As share market is unpreditable, even SOROS got burnt. To invest in the market without resevertion you are simply looking for troubles. In fact, one should take into considerations the fundamental and external factors. KLSE is not CASINO.

To be fair, nobody should be blame. Right?

By: Tai Lo Chin

Tai Lo Chin — Wed, 07 Mar 2007 00:12:37 +0000

Head of the Executive Branch thought that he was Alan Greenspan. Ha Ha Ha! What a joke. I think he learned, not from us or Kit Siang though, maybe from ECM-Libra.

Already inestors are not happy. They say our Bursa Malaysia’s capitalisation dominated by counters related to government, UMNO, GLCs. There’s no level playing field when it relates to influence on the market.

If political leaders someone try to shore up index stocks influencing PNB or EPF to come in to buy or sell at certain times, would you want to invest?

By: DarkHorse

DarkHorse — Tue, 06 Mar 2007 23:38:57 +0000

But then the real suckers are the speculators who borrow short term at high rates of interest to invest and now have their fingers burnt.

By: DarkHorse

DarkHorse — Tue, 06 Mar 2007 23:37:11 +0000

The head of the executive branch of a democratically elected government has no business in trying rally support for the stock market! Period. Unheard of elsewhere.

By: jango ang

jango ang — Tue, 06 Mar 2007 22:38:33 +0000

Kit Siang, why are you harping on the stock market issue. To be fair to the government, they are not to blame. the blame falls squarely on the punters. nobody forces people to play the market. You go in with your eyes open. So Kit, you are going a bit too far.