Monday morning ... calm after the storm? Wonder if KLCI will go yo-yo later on, with Bersih turned ugly with arrest of more than 400, some innocent ones ... and the baching reported. This is internet-information world ... where pictures and news seen and spread. And we should not believe any parties!! It is up to us how we would preceive what we see or hear.

Anyway ... lets focus back into markets ...

Tratles meeting : Hope to have a meeting tmr morning with few of them in the group to scan and analyse charts together. At this point of time, it is becoming more exciting and interesting.

Book : Secrets of Intelligent Investing by Ken Lo and Yu Foong Sin

This is a very simple and easy to understand book to read, for newbies and novices.

Pitfall #1 : Believing in expert's predictions on the market

Pitfall #2 : Buy investments that you do not understand

Pitfall #3 : Listen to wrong advice

Pitfall #4 : Lacking an investment objective

Pitfall #5 : No investment plan

Pitfall #6 : Put all your money into one investment basket

Pitfall #7 : Attempting to predict the rise and fall of the market

Pitfall #8 : Ask the wrong questions

So, the above was taken from chapter one of the book. Yes, it said that all should get financial education before thinking of investing in anything. I fully agreed, especially those thinking of going into markets or already in the markets. Not only knowing the pitfalls ... but also to understand the psychological aspects of markets. That is the greatest challenge, in my opinion.

With so many pitfalls and challenges, how do we expect to perform? Without knowledge and experiences, we stand no chance against the sharks in markets. Even that, if we survive ... we have to accept that we are lucky not being their lunches.

Alright ... if the fear of GE and many stocks to collapse ... it is time to reduce our exposure and buying only good fundamental stocks. Being in market at the moment or stucked inside there, we need TIME for any of those stocks to recover. Will it ever?

DRB and Sunway that I mentioned on Friday ... rebounded. I missed both even tho I was queueing for them. Too bad.

Rebound play : Checking BJCorp, Genting ... and many more.

Time to get prepared for another maniac-Monday.

TEH

MALAYSIA: Concerns have been raised about Malaysia's high national debt, which currently stands at 54 per cent of its gross domestic product (GDP).

International ratings agencies Standard & Poor's and Moody's are warning of a possible credit rating downgrade if Kuala Lumpur does not rein in its federal government debt. Continuous government spending to gain public support ahead of the upcoming general election may have put Malaysia at risk of a credit downgrade.

A rating cut would be its first in 15 years. However, Malaysia's central bank has brushed aside that concern. It said the national debt level at 54 per cent of GDP is manageable, given Malaysia's sound economic fundamentals, improved foreign direct investment (FDI) inflows, and growth of a forecast four to five per cent this year.

Bank Negara also noted more than 90 per cent of the debt is domestically funded, which means Malaysia's external exposure is very minimal. Bank Negara Malaysia governor Zeti Akhtar Aziz said: "The government external indebtedness is only two per cent so it's very low. "Very often, countries have problems because foreign borrowing is very high. For us, the borrowing in mainly domestic, our financial system has been able to absorb this."

Still, there are concerns the government's spending spree ahead of a general election may drive federal government debt level to above 60 per cent. Observers said the next cabinet voted into power must seriously take concrete steps to reduce its huge subsidy bill exceeding US$10 billion as well as to introduce a hugely unpopular goods and services tax to shore up the government's revenue. While a credit rating downgrade will hurt investor confidence, a weak mandate at the polls means the government will find it difficult to push through some of its tough structural reforms. Malaysia must call its next election before May next year.