The Charts Don't Look Good

Posted by Kris | Sunday, June 14, 2015 | | 2 comments »

Downward spiral for KLCI

With so many crappy & shitty internal and external issues happening in Malaysia currently, the stock market is a slow dying death.


1) 1MDB is a ticking time-bomb where as taxpayers we have #nowheretohide. A RM42 BILLION debt in just 5-6 years!
2) Political bickering on both side of the camp - Go google our Pokemon parody; funny but sad for Malaysians at the same time.
3)  A very weak Ringgit, even after our so-call oil prices have recovered from the low USD40s.
4) GST is squeezing the rakyat, coupled with inflation.

Hence, our KLCI index is on a downward spiral, together with the rest of the stocks. Even the 11th Malaysian plan did not provide any positive catalyst, as now IMHO, government is literally desperate to get money from us.

P.S Road & highway tolls is rumored to be increased too, soon!!


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2 comments

  1. ChampDog // 6:24 PM  

    This sounds scary...

  2. Kris // 11:50 PM  

    Today alot of stocks get dumped!!