China opted to keep guiding the yuan sharply lower, deepening concerns about the economy and the potential for competitive devaluations by other countries. crude oil prices falls another 2.35% -> $33.25
I am quite surprised actually, with more than 650 counters dropped, KLCI could still hover and pare losses. Great magic show. The world economy should learn from Malaysia
KLCI defy gravity. Oil down, RM down, Global index down. Banking is bubbled and hard to break. GST is giving good mood to bankers despite drop in oil. Expecting afternoon session to be blood bath after 4pm when European investors pull their shares in Malaysia. Let's see.
Banks are manipulating, but don't lose hope, they want retailers to quit with minimum profit or loss and then they will boot up index, and it will be too late for margin profit.
The China market is not fair, they don't have cap for buy but for sale. That's why when drop, it drops fast because everyone notice is a small window only for 100 people to crawl out, and this is the exact thing happening today.
Nibiru, observe warrant period vs Shanghai market rebound chart (expected). If you think its risky, then best to recognize loss and move on. I had the same experience in past, where I lost with HSI.
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Posted by cashflow > 2016-01-07 10:47 | Report Abuse
move your a## H5, been sleeping there for a while, haha.