The Fed was bluffing all along. They could not stop their QE. The mere mention of scaling back QE spooked the markets. They could not normalize their interest rates.

Munichin said as long as USD is still the currency of international trade, the Fed could do QE forever. If they keep preventing other countries from using USD thru sanctions, it will be the end for them.

3.14 extension typically signals a parabolic state of price behavior.

Will it continue to shoot up ? Well, in markets, everything is possible.

https://www.tradingview.com/x/WOiBNekO

Nothing new. The western press reports big headlines abt their networks being hacked. But they do not report abt them hacking other countries' networks.

This is what Snowden said :US 'hacks China networks'

After fleeing to Hong Kong, Edward Snowden told the South China Morning Post that the NSA had led more than 61,000 hacking operations worldwide, including many in Hong Kong and mainland China.

He said targets in Hong Kong included the Chinese University, public officials and businesses.

"We hack network backbones - like huge internet routers, basically - that give us access to the communications of hundreds of thousands of computers without having to hack every single one," Mr Snowden was quoted as saying.

In the 1980s, competitors in western countries claimed that Malaysian-made gloves have minute pin holes. Even the Danish based company in Malaysia, EAC, was not spared. It failed to make money from gloves made here.

From the technical perspective, the support is at abt 4.50, the resistance at abt 5.00 But the actual tradable range is abt 4.50 to 4.75 as ppl are less able to buy n sell at the extreme.

You can calculate the risk-reward.

Can it go above 5.00 ? Yes, provided air travel returns to normal. Vaccine is available or better still medicine is available.

Genting depends of local funds, retail players n foreign funds to send its price up. Looking at it, most of the funds n players are trading for a profit.

A down channel for BAT
https://www.tradingview.com/x/Wvjz8ILY

TM inside KLCI index but only evoked a tepid response. Also in the red this morning. No big deal.

Airport went up because planes are starting to again. If air travel reverts to normal, Airport price would already have shot up. Stock prices are forward looking.
If u look the GLCs, including those in oil .. all went up.

Barber shops can't operate. But where did the politicians cut their hair? All have nice n neat hair.

Award of new spectrum withdrawn.

With huge volume in the past days, yet TM only shows spinning top candles. signs of weakness ahead ???

BAT has likely formed Elliott wave 1 n is on its way to form Wave 2.

https://www.tradingview.com/x/uSP9Lbia

But MIDF sings a different tone.

speculation.

But LPI profit up slightly.

$12 is a Gann resistance . a strong resistance. It just breezed thru !
The upward momentum is strong.

They have a bigger problem. They will face water supply problem in 5 years time when their water underground runs dry.

Luckily, we choose to take Paul Krugman's advice.

The result would be the economy will be owned by foreign predators.

IMF ? IMF is a US-centric UN agency. In the 1997 Asian crisis, IMF demands a hike in interest rates, purge the banks, purge the workers, purge the business, purge everything .... Luckily, we choose to take Paul Krugman's advice.

KLCI has already cover its gap incurred in Mar downturn. Not much upside now. Probably moving sideways in range bound trading.

Foreign funds returning ?? This theme is as old as the hills. What our KLSE has to offer ? We don't even have our Alibabas or Tencents.

Are u saying that petrochemical products will shine in the post-covid recession ?

Virus probe will get nowhere. China would not allow those western experts to its labs. Similarly, US would not allow experts from other countries to its labs.

Ambank offering 3.5% for FD, the highest in the banking industry.

Posted by Jeffreyteck > Apr 27, 2020 1:40 PM | Report Abuse

Entering 5L regime:
Lower share price.
Lower deposit rates.
Lower epf returns.
Lower growth.
Lower exchange rate.
Few may have turned into N, negative.

This is the post-Covid world. We must learn to live with it.

A fund manager has other means to cut risk other than diversification.

It was reported in Nov 2019 in WSJ that Ray Dalio's hedge fund has placed a bet north of $1 billion that global stocks will fall by March 2020.The position is made up of put options that could pay out to Bridgewater Associates if the S&P 500, the Euro Stoxx 50, or both drop in value (Put options are contracts that grant investors the right to sell stocks at a predetermined price by a specific date.)

A fund manager has to diversify because he is managing other ppl's money. He is paid to do the job. Nobody paid him to keep all the investor's funds in cash. At times when he should have disposed his entire portfolio, he is not able to do so. Hence, he has to diversify.

Whereas, when we are managing our own money, why is there a need to diversify ? Diversification does nothing to protect you from a loss since the whole market is going deep down.

"The nature of risk" by Justin Mamis, a former executive at the NYSE is good reading. I think you download it in the net for free. I still have this hardcover book in my library.

Hi, I am not sifu. The truth is if u are flush with cash when the KLCI plunged to the bottom, u would have make money by buying some dirt cheap shares. When u are flush with cash, u would be more comfortable taking a bit of risk.

The best option is sell off early n cut loss. I do not think diversication can help in face of the big global plunge.

Yes a real snake oil salesman, he is !

There is one on Utube, recording a microphone leak where Trump officials claimed they "we have already been vaccinated".

Does Trump have the vaccine ?

But, the reality is by the time MCO ends, we would probably see a lot of shops closed for good in shopping malls. But the shopping malls itself owned by big companies would probably survive.

we always take research house reports with a pinch of salt. U can see lots of research house predicting interest rates to go down n down as though monetary policy is the cure for the downturn.

In Japan, interest hit zero but the recession lasted 11 years. Only fiscal policy can lift up the economy. Remember how the huge expenditure on armaments in face of the onslaught of the 2nd WW brought the Great Depression to an end ?

Ambank is offering FD rates as high as 3.5%.

I think traditional insurance industry is more resilient. If u say travel insurance, ppl can just click. But not many ppl buy travel insurance. If u buy life insurance, medical insurance .., u need somebody to explain to you personally.

Gilead drug fails in trial.

The U.S. Energy Information Administration is suggesting there is notional space for just another 16 million barrels at the country’s storage hub for crude oil in Cushing, Okla., and that this could fill up by next week based on the average build trends seen this month.
3 hours ago (Apr 22, 2020 05:50PM ET)

Trump's tweet doesn't change the situation much. Russia will take the opportunity to pump n pump.

Don't believe CNN. A lot of fake news there.

You didn't buy when Bursa was below $5? Now, most of the ppl who want to sell have already sold. So, not many sellers left.

my error, should read "USD60"

The problem is the US wants a free ride insisting on other nations cutting. Texas said they will go on producing the oil. Saudi Arabia continue to give deep discount to keep their market share. China, the biggest oil consumer n with the biggest storage buys from Russia n Saudi Arabia.
The solution is "shared prosperity" not supremacy.
Mexico, which hedged their oil in the futures market, has locked on the price of USD600 n is reluctant to cut their production further.

US can solve negative oil price by giving the oil free to China since it has the most storage capacity. Then US oil will have to chance to go above zero.

Saliva coming out of their mouth. No one wants US oil. They ask you for help but they stab u from behind.

US oil turns to China for help. China is now buying cheap oil from Russia n Saudi Arabia.

Putin's masterstroke !

Posted by Jeffreyteck > Apr 22, 2020 7:17 AM | Report Abuse

US prints currency, strengthened its ex rate. If we follow to print, our ex rate will be? That is the beauty, same policy but different results.

The disadvantage is it caused a lot of US companies to close down or move abroad. Who would want to buy a US made spade for RM78.00 when I can buy one at RM11.00 ?

Putin's masterstroke.

US senators are all clueless. They filed a lawsuit against Saudi Arabia after Sept 11 attacks, but they could not get Saudi Arabia to pay.

They mean that if yr neighbour cough n u catch a cold, u can sue your neighbour.

The senators who attended US foreign intelligence briefings in Jan, quickly and quietly sold off all their shares in the market. US already knew about the pandemic since Jan.

US T bills does not have the name of the owner printed on it, any holder can just sell it down. They claim US T bills n bonds are the safest in the world. How safe is it ? These are all lies.

Obviously, CIMB has been hit. The question is how much exposure to the oil trader.

HLB CEO, Dominic Fuda said HLB has little exposure to oil n gas, tourism, hotel ..
HLB, the strongest bank in M'sia.