Mr Ooi This is the democracy country Anyone had the right to talk We just like to listen to your suggestion We will listen to others also We have mind to think and judge who is right Thank you
solid base, 0.66/0.665 for upward trend...hopefully tomorrow as conditions look good with (1) Fed Reserve sitting still. (2) China market should lead Asia tomorrow (3) Ringgit improving (4) crude oil outlook positive. (5) Our Sultans collectively making a statement for the better. Any negative news except some irritable noises from some red shirts?
"2centsense > Force selling for those who bought at 0.70. if price closed today at 0.66, outlook for comine sessions would look good. 12/10/2015 12:52 "
In an interview with Bloomberg TV that aired yesterday, the billionaire chairman and CEO of Omega Advisors hedge fund, Leon Cooperman, listed off a few reasons why stock markets have more upside than down. And he came up with those answers in just over two minutes. Here goes:
1) There have been eight Fed interest-rate cycles since the mid-1950s. “This would be the first market peak that occurred without one Fed tightening,” said Cooperman, noting that the market has tended to rise for two-and-a-half years on average after an initial rate hike.
2) Bear markets aren’t born of “immaculate conception. They come about for a reason. Recession, overvaluation, a hostile Fed, or geopolitical events,” he said, adding that at least the first three aren’t present.
3) “The individual investor in the last seven months has taken $100 billion dollars out of the market,” he said, then quoted legendary investor John Templeton on how bull markets are born from “pessimism, grown on skepticism, mature on optimism and die on euphoria.” There’s no sign of that last one, according to Cooperman.
4) The market has already had a “significant correction,” and the average common stock is 20% off its high over the last 52 weeks.
5) “What’s the alternative to common stocks? Buy bonds at 2%? Sit in cash earning zero?” he asked.
6) The valuation of the market is very reasonable. “We’re in line with historical norms. Over the last 50 years, the S&P multiple averaged 15. It’s currently 16,” said Cooperman.
Evening Market Summary - 15 Oct 2015 Author: mplus313 | Publish date: Thu, 15 Oct 2015, 07:04 PM
.................................................................................................................................................................................................................. LCTH +4.5sen@RM0.69, price closed above the EMA 9 level with high volumes. The MACD Histogram has turned green, while the RSI hovers above the 50 level. ............................................................................................................................................
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3157 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
yongyou
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Posted by yongyou > 2015-10-05 09:29 | Report Abuse
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