You are right. for PBB, it is abc-x-abc. But the bank is solid.

From the Elliott wave perspective, shares move in 5 waves. Having completed its 5 waves, the shares will drop to correct its previous 5 waves. Nothing unusual. PBB has already completed its 5 waves up, hence the correction.

Posted by treasurehunt > 3 days ago | Report Abuse

Somemore, our new PM has not paid a visit to US. There is a price lor.
unquote

It is usual for the US embassy to send a congratulatory letter a newly formed government. Inside this letter, it will state what is expected by the US government. e.g. obeying US rule based order, promoting LGBT and Trans etc...... This is a revelation by former diplomats.

At the rate things are going on, it won't be long when 10% of US population would be trans. Big pharma together with hospitals promoting trans to young people, milking them of their money. Weeks back a trans got metal and started firing her/his machine gun.

Someone wrote on Utube: "it is lucly McMahon did not draw India's boundary to include Shanghai. Otherwise Shanghai is considered as part of India". Yes, the McMahon God.

Posted by Amazonboy > 23 minutes ago | Report Abuse

Credit Suisse nxt to collapse?

The problem is that all regional banks in US are about to be hit. Depositors are withdrawing their money and transferring it to the "too big to fail banks" i.e. Chase manhattan, JP morgan, Citibank ....

Bank of Ukraine is the safest bank now, getting free money.

Nouriel Roubini said he expect Fed to raise interest rates by 25 points the next meeting. He said inflation in US is still high. We know that when interest rates rises, bond prices will go down. Banks holding these government bonds will be in the red since they bought these bonds when interest rate was zero. Let's see how the contagion in the US banking system can be contained.

The banks placed under review for downgrade are First Republic Bank, Zions Bancorporation, Western Alliance Bancorp, Comerica Inc, UMB Financial Corp and Intrust Financial Corporation, Moody's said.

To this day, I can't understand why TG kept on doing share buybacks with its cash pile. After all share prices move in a cycle. The opportunity for TG to make such $$$ is already long gone. Lightning never strike twice in the same place.

JP Morgan CEO already said interest rates will have to move above 6% if Fed aims at inflation of 2%. Now Fed is changing the definition of inflation to exclude energy bills and house rentals. Sure Fed can achieve its 2% by moving its goal post.

Who doesn't trade in shares to make $$ ? Even EPF... is also doing.

I think foreign selling.

But GenM dropped a mere 3 cts. I do not think it is tax.

I take that the 5th Elliott wave has already ended at 5.12, now the correction to correct the 5 waves are taking place.

maybe short sellers

My ex-colleague visited his son who is a US citizen well before covid. He stayed there for 3 months. When he came back to M'sia, I asked him if he consider migrating to US. He told me, "if you have lots of money, young and in good health, US is very enjoyable. If you do not have all these blessing, do not migrate".

China just said she will take countermeasures against US balloons flying over Xijiang and Tibet.

Snowden said the White House is using balloons, UFO ... news to drown the revelation of Nordstream Two bombed on the orders of Biden.

For China, 1) not having caged homes that started in British ruled HK is human rights 2) not having people sleeping in the streets is human rights 3) not having others to infect you is human rights 4) not having exorbitant medical bills is human rights. Human rights mean different things depending on the society we live.
In western countries, 1) having people living in caged homes means there is no socialism 2) infecting others is your human right 3) living on the streets is your human right ....

China does not want to become the next USA. Nouriel Roubini said the development of bipolar currency system is already well underway. China does not want the RMB to replace the USD lest it will fall into the same fox the US did. The US use USD as a weapon but China use it for trade. The use of local currency trading and swap lines with other countries will erode the exorbitant privilege of the USD over time.

Of course, TAURX is Genting's gem. As we go older and older, many will need TAURX. Even the holymen needs it.

Genting moves up to cover the gap created by the last wave.

Genting is well on its way to cover the gap left over during the last wave down.

My friends who took Pfizer vaccine all got infected but recovered. Same with Sinovac. What is the big deal ??

The last wave down has left a gap between 4.96 - 5.05, Genting is likely moving up to close that gap.

Good news relating to telecommunications for B40, M40 groups this Christmas — minister (source: The edgemarkets) - Maybe, what Fahmi means is that the reduction in internet charges is for B40, M40 , not everybody

Fahmi was quoted "all telcos" i.e. Digi, Maxis, TM, Axiata ......

Everybody fears the "Gobind Singh" scenario of years ago.

earlier, someone posted this article which said "The yet-to-be-released new prices hang an uncertainty on the future earnings of Telekom Malaysia Bhd (TM), which controls the bulk of fixed broadband subscriptions.".
The above is the most likely reason. Anyone, the funds are selling ahead.

Hello! The oil price cap is all set to begin. OPEC will meet soon whether to cut production. US SPR reserves now at its all time low.(at the same levels as in 1984) "He" who controls oil production controls the world economy. The "He" is none other than OPEC. What are your thoughts now?

It has happened in UK where Labour n Conservative parties join hands to form the government.
It might well happen here.

We will suffer from unemployment. For those who want to try their luck in a casino can do so in Singapore. S'pore's economy will boom. But the boss of Genting is not affected. Genting S'pore will absorb all our casino business.

Now, we know why Genting is trying to get a foothold in Macau.

In a way, PH + BN, they can get a bigger slice. With the other group, with so many others to share the cake, you will only get dedak. It makes sense. But it depends on the vagaries of politicians.

M'sia becoming a tiger economy ? The vagaries of politicians would ensure this won't happen.

Big sell off now!

The Edge estimated the so called "universal income' to cost 35 Billion MYR. 1) borrow more by issuing bonds will collapse the bond market. Pension funds, EPF .. holds lots of bonds 2) Pull back petrol subisidies to fund the 'universal income' will cost petrol price to go up and inflation goes up as well. 3) interest rates will rise further to curb inflation 4) Business will face hard times.

Just look at item 2 of BN menifesto. To give 2000 universal income. Are we going to face a Lizz Truss moment here? How to give? Borrow? Pull back petrol subsidies to give? Lizz Truss moment will bring about a collapse like in UK.

From George Galloway (ex UK MP) - Truss mobile phone was hacked - "" ‘It’s done,’ Liz #Truss messaged #AnthonyBlinken seconds after #NordStream explosion."

Truss was under a Grand Delusion. -That UK is exceptional. UK does not need to follow rules. That Grand delusion came crashing down. Sanuk certainly does not have a magic wand. What the market wants ? - more taxes. more spending cuts. The whole economic problem is not monetary. It is about sanctioning themselves and getting into another country's war.

Global Times reported China will start mass production of photonic chips in 2023

The selling will probably end when Fed is forced to do QE again. What happened in UK bond market could potentially happen in US as foreign governments holding huge chunks of T Bills are forced to sell in order to protect their local currencies.

HK Genting bankrupt shows that Genting boss does have foresight. The drag on Genting HK was the German shipyard. If he had cling on to Genting HK and put $$$ into that shipyard, his wealth would be wiped out as Germany is now on the path of deindustrialization. Expensive gas imported from US would price EU products out of the market.

See "5 myths about China and why they could get us killed" by David Goldman.
1. China is getting rich by exporting to US. -in 2008, that was 9% of their GDP, Today it is 2% of their GDP
2. China depends on stolen US technology -that was in the past. China has moved way beyond that -They build their hypersonic missile that could circle half the globe and hit a target.
3. China faces demographic collapse - the whole west also faces demographic collapse . The two nations having the lowest birth rates are S.Korea and Taiwan

QE = quantitative easing

The treasury arm of the government issues bonds to borrow money. Another arm of the government, The Central Bank, buys it and release the money to the government. This is quantity easing (QE). The value of the existing money should drop unless the nation's money is the reserve currency of trade (USD). In a way, it is money dropping from the sky.

You have a good point!

Yellan tried but was unable to unwind QE. The mere mention of tapering of bond purchases by Fed is enough to cause interest rates to rise. The treasury issues the bonds and another government arm is buying the very bonds. It is printing money. Truss planned to issue the big chunks of bonds and place it in the bond market. Fund managers quickly exited the bond market before it is too late. Better to exit earlier than later.

Posted by BobAxelrod > 56 minutes ago | Report Abuse

Xi distancing himself from Putin is the most erroneous statement, and written by a mis-understood blogger. Certainly not of chinese descendant.

To understand the Chinese mindset, read "Romance of the Three Kingdoms". China has already said they would not interfere in the internal affairs of others and would trade with any country.