FBM KLCI close above 1,500 again and we all know this is due to flow in of hot money from US and not because of Malaysian economy is in good situation. Back to 1997-98 due to the huge out flow of hot money KLCI drop from 1300 to below 300 point, however government had change the KLCI from 100 component to 30 and majority is bank share so to support the index will be mach more easy.

I think government is still supported the index because Najib use it to told all of us that Malaysia economic is in good condition and likely election will be in 2011. If this is true FBM KLCI may likely to be up even some hot money flow out from Malaysia.