Confidence Crisis

Although it is a public holiday in Malaysia, we still make an effort in monitoring the market, especially Hang Seng and Nikkei.

We think the market is in another crisis. Not only financial crisis, but confidence crisis. Since the correction began in second half of the year from The States, European regions and Asia Pacific, are the markets in bear market? Or it is the beginning of another bull market that will last for years? 

FBM KLCI is one of the market that successfully broke 2008 record high after experienced 40% correction during 2008 global financial crisis. Because of recent 1MDB issue, will the local or foreign investors still have confidence in our local stock market? While KLCI is at 1711, ~8.4% off historical high; looking at this stage, will we see a record high soon?

There are cheap shares in the market, whether is blue chips, second or third liner stocks; no matter is in Hang Seng Index, KLCI or other markets. If we have the patience and holding power, we can slowly accumulate these quality stocks. When we look back in 5-10 years from now, we would be surprised, how far the price had gone up...