Posted by Keyman188 > 2020-04-16 10:03 | Report Abuse

The economic data is even worse than Wall Street feared: ‘The economy is clearly in ruins here’

(PUBLISHED WED, APR 15 202010:19 AM EDTUPDATED 5 HOURS AGO)

~ Consumer and manufacturing reports for March showed the hit to the economy from the coronavirus was deeper in the early weeks of the shutdown than expected.

~ March retail sales fell 8.7%, the most ever in government data, and New York regional manufacturing activity hit an all-time low, declining to a shocking negative 78.2%.

~ “The economy is clearly in ruins here,” said Chris Rupkey, chief financial economist at MUFG Union Bank.


Consumer and manufacturing reports for March showed the hit to the economy from the coronavirus was even swifter and deeper in the early weeks of the shutdown than expected.

March retail sales fell 8.7%, the most ever in government data, and New York regional manufacturing activity hit an all-time low, declining to a shocking negative 78.2%. Industrial production slipped 5.4%, the largest decline since 1946, and manufacturing was down 6.3%, a record reflecting in part the 28% decline in auto production as plants shut down.

The economic reports showed the double whammy of state shutdowns in mid-March on two pillars of the economy — the consumer and business. The reports were even more dire than expected, and foreshadow even worse declines in April’s activity, with state shutdowns affecting areas responsible for more than 90% of the economy.

Homebuilder sentiment also took a big hit during early April, falling the most ever in a one-month period since its inception 35 years ago. Builder confidence for single-family homes plunged 42 points to 30, the lowest level since June 2012, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index.

March retail sales fell 8.7%, a record drop, with the only sign of activity at grocery and beverage stores, which saw sales grow by 25.6%. Economists expected an 8% decline in monthly sales. The consumer accounts for 70% of the economy.

“The economy is clearly in ruins here,” said Chris Rupkey, chief financial economist at MUFG Union Bank. “Nobody is buying cars, down 25.6%, nobody is buying furniture, down 26.8%, and eating and drinking places were down 26.5%.”

The economic decline, which started in the first quarter is expected to reach its trough in the second quarter. Economists anticipate an unprecedented drop of more than 30% in GDP for the second quarter. JPMorgan economists expect a 40% decline in the second quarter, on top of a 10% drop in the first quarter.

Already negative first-quarter GDP forecasts may also worsen, showing the economy began contracting at a rapid pace when businesses closed down, states ordered residents to stay home, and President Donald Trump told Americans to stay out of restaurants and practice safe distancing.

But Ward McCarthy, chief financial economist at Jefferies, said the retail sales data muddies the outlook for first-quarter GDP, since some sales categories in the data used to calculate it actually improved. They include building materials, up 1.3%, and health and personal care, which climbed 4.3%.

“The bottom line is that consumer spending has fallen off a cliff after being relatively solid for a prolonged period of time,” according to McCarthy. “There has been significant substitutions in spending habits as consumers have tried to cope with social distancing. The consumer sector will provide a drag on Q1 and Q2, but it’s going to be difficult to estimate the size of the drag.”

March retail sales also showed barely a blip in online purchases, only up 3.1%, though consumers are shopping from home. The Commerce Department acknowledged it had difficulty collecting data as many businesses have shut down.

“Retail sales in the fourth quarter of 2008 fell over 8%, but that was over three months,” Rupkey said. “This was just one month. ... Consumers are hunkering down at home, only venturing out to go to the grocery store. It’s lights out today, and as far as we can tell, it’s going to be worse next month.”

The Empire State manufacturing survey fell by its biggest margin ever to a historic low, much steeper than any number in the financial crisis and more than double the expected decline in activity in the New York region, hardest hit by the virus.

“Overall, today’s manufacturing numbers indicate an expected slowing in activity, but slightly earlier and more widespread than previously thought,” noted Citigroup economists. They said the depth of the decline in apparel manufacturing of 16.5% and furniture, down 10%, were surprising.


##https://www.cnbc.com/2020/04/15/the-economic-data-is-even-worse-than-wall-street-feared-the-economy-is-clearly-in-ruins-here.html

Posted by Keyman188 > 2020-04-16 10:19 | Report Abuse

Why Is Warren Buffett Selling So Many Stocks?

The stock market is going through its first bear market in more than a decade, and investors have felt the pinch in their portfolios. Even Warren Buffett hasn't been immune from the economic impacts of the coronavirus pandemic, as his Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) has seen its stock price suffer as well.

Buffett is well known as an opportunist, taking advantage of tough market conditions to pick up bargain stocks on the cheap. This time, though, his most visible actions have been selling stocks. That seems to run counter to Buffett's entire investing philosophy.

There's a good reason underlying most of Buffett's stock sales lately. It has more to do with regulation than fundamental business prospects, though, and that's why it seems so out of line with what the Berkshire Hathaway CEO is likely doing with the rest of his portfolio right now.

What Buffett has sold so far

From what Berkshire Hathaway has disclosed so far, we know about the following moves from Warren Buffett and his company:

On April 1 and 2, Berkshire sold about 13 million shares of Delta Air Lines (NYSE:DAL), raising $314 million in cash and taking his stake in Delta down from more than 11% to about 9.24%.

Berkshire also sold shares of Southwest Airlines (NYSE:LUV) in that time period, with a smaller sale of 2.3 million shares raising about $74 million and leaving the insurance giant with a 9.92% stake in the Dallas-based airline.

Later in April, Buffett sold 860,000 shares of Bank of New York Mellon (NYSE:BK), raising $30 million and leaving Berkshire with a 9.96% stake in the banking institution.

Those sales made huge news, raising all sorts of questions about Buffett's motivations. But if you look closely, you'll notice that the moves took all of those stocks below the 10% ownership threshold. Amid the storm and fury, it's possible that the implications of 10% ownership were the primary motivations for selling the stocks.
What 10% ownership means

There are surprisingly large ramifications from owning a 10% stake in a publicly traded company. One core securities law comes into play, as Section 16(b) of the Securities Exchange Act of 1934 limits the ability of 10% owners to make ongoing trades in a stock, as the 10% owner essentially gains insider status and invites litigation if it continues to buy and sell shares. That's not such a large issue for Buffett, who tends not to trade his positions frequently, but it often comes into play for activist investors looking to influence corporate policy. That's why you'll so frequently see activists take 9.9% or smaller stakes in the companies they've chosen to engage. It leaves them with greater flexibility to exit their positions if they choose later on.

There are restrictions on those who own 5% or more of a company's shares, but they're less severe. In particular, 5% owners are required to file initial disclosures revealing that they've passed that threshold, but they get 10 days to do so. Again, that's a relatively minor issue for Buffett.

The biggest issue for Berkshire is the set of rules governing bank holding companies. Owning 10% or more of a banking institution could force the insurer to face the same regulations that major financial players in the banking industry have to obey, including capital requirements and oversight from the Federal Reserve and other bank regulators. Buffett has repeatedly sold shares of other banks to keep under the 10% threshold, so the recent sale of BNY Mellon isn't surprising in that context.


##https://www.fool.com/investing/2020/04/15/why-is-warren-buffett-selling-so-many-stocks.aspx

Posted by Keyman188 > 2020-04-16 10:31 | Report Abuse

Warren Buffett's Berkshire Hathaway sold $30 million worth of BNY Mellon stock this week

Warren Buffett's Berkshire Hathaway sold about $30 million worth of Bank of New York Mellon stock this week, according to a SEC filing published on Friday.

The famed investor's conglomerate disposed of almost 860,000 BNY Mellon shares for about $35 each, trimming its stake in the bank from roughly 10.4% to 9.8%. It likely wanted to reduce the added regulatory burden that comes with holding a stake of 10% or more.

Berkshire's remaining stake in the company is worth about $3.3 billion. BNY Mellon stock has plunged by more than a quarter since the start of the year, reflecting a broader market decline fueled by the novel coronavirus pandemic.

The sales come after Berkshire sold nearly $390 million worth of shares in Delta Air Lines and Southwest Airlines last week, slashing its stakes in each airline by roughly 18% and 3%.


##https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-sold-30-million-bny-mellon-stock-2020-4-1029081968

Posted by Keyman188 > 2020-04-16 19:50 | Report Abuse

IDEAS: Malaysia may lose RM31 bil per year if oil prices remain at US$30 per barrel

(theedgemarkets.com / April 16, 2020 19:16 pm +08)

KUALA LUMPUR (April 16): The Institute for Democracy and Economic Affairs (IDEAS) said that Malaysia may lose RM30.9 billion in fiscal revenues per annum if oil prices remain low, which would further strain the nation’s finances.

It said this issue was discussed in a webinar organised by the Centre of Market Education (CME) and supported by IDEAS titled ‘Oil Economics in Times of Crisis and Energy Transition’ today, by CME board member Professor Renato Lima de Oliveira, who is also IDEAS senior fellow and assistant professor at the Asia Business School.

The event was moderated by CME director and IDEAS senior fellow Dr Carmelo Ferlito.

According to Prof Renato, a field-by-field study showed that if crude oil prices stay around the US$30 per barrel mark from today till 2030, the world can expect a decrease of US$170 billion in capital investments in new production capacity and US$616 billion in government revenues on average, per year, compared with a scenario of prices at US$60 per barrel.

Malaysia is also expected to lose per annum US$1.7 billion in new capital investment as well as US$7.1 billion (RM30.9 billion) in fiscal revenue from the oil and gas (O&G) segment, which would put further pressure on the country’s finances.

The professor said the oil sector is affected by a decline in demand due to the COVID-19 outbreak as lockdown measures have put mobility to a halt. He pointed out that transportation makes up 57% of all oil demand.

The oil sector was hit particularly hard in March, said Prof Renato, as Saudi Arabia initiated a price war with Russia and OPEC partners in March, when there were fewer than 150,000 of COVID-19 cases.

The World Health Organization (WHO) had declared it to be a pandemic days later on March 12, which exacerbated the surplus in the market, as more and more countries adopted mobility restrictions.

“OPEC always had to walk a fine line between restricting output too much (which encourages oil-to-oil competition and substitutes) and producing too fast, which would accelerate reserve depletion and decrease prices,” said Prof Renato.

OPEC members currently have enough oil reserves to produce for 86 years, while non-OPEC members, like the US, Brazil and Norway, have the capacity to produce for 24 years.

Given the prospect of an accelerated energy transition to renewable energy, these countries may end up with worthless reserves, unless they increase their rate of extraction now and occupy the market share currently taken by high-cost products such as shale oil from the US or ultra-deepwater from Brazil.

“The energy transition is underway and sitting on 80 over years of oil reserves may not be the best commercial idea,” said the professor.

He added that this scenario shows the urgency for Malaysia to diversify its sources of revenue to become less dependent on oil.

Besides that, the country’s O&G sector also needs to innovate in order to reduce costs and monetise the current resource-base, as well as invest in building capabilities in renewables to create and preserve jobs in the energy sector.


##https://www.theedgemarkets.com/article/ideas-malaysia-may-lose-rm31-bil-year-if-oil-prices-remain-us30-barrel

Posted by Keyman188 > 2020-04-16 19:54 | Report Abuse

Well prepare for Global Credit Rating Agencies to re-assess Malaysia outlook since oil price tragedy standing around $30 pbl....

So income from oil expected to erase about RM 31 billion & some more government need more stimulus package to curb the current unprecedented health crisis

Last week, Fitch had given negative outlook for Malaysia


##https://www.fitchratings.com/research/sovereigns/fitch-revises-malaysia-outlook-to-negative-affirms-at-a-09-04-2020


Fitch Revises Malaysia's Outlook to Negative; Affirms at 'A-'

Thu 09 Apr, 2020 - 7:14 AM ET

Fitch Ratings - Hong Kong - 09 Apr 2020: Fitch Ratings has revised its Outlook on Malaysia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and has affirmed the rating at 'A-'.

Posted by DannyArcher > 2020-04-16 20:24 | Report Abuse

Even if we do move to EV cars, we still need oil. Unless the entire world goes nuclear or somehow found a way to store energy generated by Wind and Solar (Which are both somewhat unreliable), oil and gas is here to stay.

Oil has many other uses other than transportation. In chemicals, plastics, waxes, petrochemical feedstocks, roads, paint, glue, ink... and many many more.

https://www.innovativewealth.com/inflation-monitor/what-products-made-from-petroleum-outside-of-gasoline/

Posted by oilwaterman > 2020-04-16 20:28 | Report Abuse

Oil will be around for another 100 years. It is a cyclical commodities just as others. it will be up sooner or later.

Posted by Keyman188 > 2020-04-16 21:02 | Report Abuse

US home construction collapsed 22.3% in March

PUBLISHED THU, APR 16 20208:35 AM EDTUPDATED MOMENTS AGO

~ U.S. home-building activity collapsed in March as the coronavirus spread, with housing starts tumbling 22.3% from a month ago.

~Ground breakings occurred last month at a seasonally adjusted annual rate of 1.2 million units, down from a 1.56 million pace in February, the Commerce Department said.


U.S. home-building activity collapsed in March as the coronavirus spread, with housing starts tumbling 22.3% from a month ago.

The Commerce Department said Thursday that ground breakings occurred last month at a seasonally adjusted annual rate of 1.2 million units, down from a 1.56 million pace in February. Construction of single-family houses fell 17.5%, while apartment and condo starts were off 32.1% from a month ago.

All of this paints a bleak outlook for housing as the lockdown to contain COVID-19 have led more than 20 million Americans to lose their jobs in the past four weeks.

The report showed a 6.1% decline in the completion of homes being constructed, which means many homes are being left half built. There was also a 6.8% drop in permits to begin construction.


##https://www.cnbc.com/2020/04/16/us-housing-starts-march-2020.html

Posted by Keyman188 > 2020-04-16 22:03 | Report Abuse

Tik Tok...Tik Tok...The clock already started......

The 2nd wave & perfect storm just started @ 15/04/20......

I more prefer DJIA & S&P500 then reassess Malaysia market......

Posted by Keyman188 > 2020-04-17 10:05 | Report Abuse

China says its economy shrank by 6.8% in the first quarter as the country battled coronavirus

(PUBLISHED THU, APR 16 202010:00 PM EDT)

~ China reported that its first quarter GDP contracted by 6.8% in 2020 from a year ago as the coronavirus outbreak seriously impacted the world’s second largest economy.

~ Analysts polled by Reuters had predicted China’s GDP would shrink by 6.5% in the January to March quarter, compared to a year ago. The forecasts from 57 analysts polled ranged from a 28.9% contraction to a 4% expansion

~ China’s economy came to standstill earlier in the year as Beijing implemented large-scale shutdowns and quarantines to limit human contact as it sought to contain the coronavirus disease, formally known as Covid-19.


China reported that its first quarter GDP contracted by 6.8% in 2020 from a year ago as the world’s second largest economy took a huge hit from the coronavirus outbreak, data from the National Bureau of Statistics of China showed.

The contraction in the first quarter would also be the first decline since at least 1992, when official quarterly GDP records started, according to Reuters.

Analysts polled by Reuters had predicted China’s GDP would shrink by 6.5% in the January to March quarter, compared to a year ago. The forecasts from 57 analysts polled ranged from a 28.9% contraction to a 4% expansion. China’s economy grew 6% in the previous quarter, from September to December 2019.

The world’s second largest economy came to standstill earlier this year as Beijing implemented large-scale shutdowns and quarantines to limit human contact in order to contain the coronavirus outbreak.

In January and February, exports fell sharply from a year ago as manufacturing activity contracted sharply.

China’s economy is beginning to come back online again, with work restarting in many companies, but it faces headwinds as the coronavirus spreads in the rest of the world and global demand is dented.

A separate Reuters poll showed China’s GDP growth is expected to slow sharply to 2.5% in 2020 from 6.1% in 2019.


##https://www.cnbc.com/2020/04/17/china-economy-beijing-contracted-in-q1-2020-gdp-amid-coronavirus.html

Posted by GreatDreamer > 2020-04-17 10:23 | Report Abuse

KLSE strong rebound might reflect that we are escaping the 'deep state' imposed by PH. Some investor confident are return. PN do a few right things to correct the 'wrong' of PH.

If investor confident are back, may not test 1300, even with poor corp result , due to low interest rate environment.

Posted by Keyman188 > 2020-04-17 10:35 | Report Abuse

Always time to tell the truth...

Soon but not so far............Bursa market has given indicators....

Really can't realise !!!........

Posted by Keyman188 > 2020-04-17 14:21 | Report Abuse

A double recession? Economies risk debt crises after stimulus spending

PUBLISHED FRI, APR 17 20201:19 AM EDT

~ The debt incurred over time for coronavirus stimulus spending could mean a deeper crisis and a doubled-down recession for some countries, according to a recent report by the Economist Intelligence Unit.

~ The current wave of debt accumulation — which started in 2010 — is “the largest, fastest and most broad-based increase” in global borrowing since the 1970s.

The economic meltdown brought on by the coronavirus pandemic has governments deploying historically vast fiscal spending packages to support millions of their citizens and businesses.

This spending is necessary to support economies — officials agree on that much. But the debt incurred over time could mean a deeper crisis and a doubled-down recession for some countries, according to recent reports.

“Debt crises may be coming,” the Economist Intelligence Unit (EIU) wrote in late March. “For now, governments are ramping up fiscal spending to fight the epidemic, maintain basic economic architecture and keep workers in their jobs. As a result, fiscal deficits will rise sharply in the coming years.”

Already in early January, before any country imposed coronavirus lockdowns, the World Bank warned of the risk of a fresh global debt crisis. It described the current wave of debt accumulation — which started in 2010 — as “the largest, fastest and most broad-based increase” in global borrowing since the 1970s.

In the first half of 2019, global debt surged by $7.5 trillion, hitting a new record of more than $250 trillion, according to the Institute for International Finance. “With no sign of a slowdown, we expect the global debt load to exceed $255 trillion in 2019, largely driven by the U.S. and China,” the IIF wrote in late 2019 — before the year was over and well before anyone was talking about a global pandemic.

Now, the International Monetary Fund projects that the global economy this year will “very likely” suffer the worst financial crisis since the Great Depression, as governments around the world extend lockdowns and economic shutdowns to fight the spread of Covid-19. The Washington-based fund now expects the global economy to contract by 3% in 2020. In January, by contrast, it had forecast a global GDP expansion of 3.3% for this year.

Half the world has now asked the IMF for a bailout, the organization’s chief Kristalina Georgieva told CNBC on Wednesday, highlighting the severety of the economic crisis.


##https://www.cnbc.com/2020/04/17/coronavirus-a-double-recession-economies-risk-debt-crises-after-stimulus-spending.html

Posted by Keyman188 > 2020-04-20 16:39 | Report Abuse

US crude plummets 19% as coronavirus pandemic ravages oil demand

(PUBLISHED SUN, APR 19 202010:07 PM EDTUPDATED 29 MIN AGO)

~ U.S. crude prices plunged in afternoon Asian trade on Monday as traders continued to fret over a slump in demand due to the coronavirus pandemic.

~ ANZ’s Daniel Hynes described the situation stateside as “quite dire.”

~ Prices on the May contract for West Texas Intermediate crude futures tanked 19% to $14.80 per barrel. The futures contract is set to expire on Tuesday, according to Refinitiv.


##https://www.cnbc.com/2020/04/20/oil-markets-us-crude-futures-in-focus-as-coronavirus-dents-demand.html

Posted by Keyman188 > 2020-04-20 20:49 | Report Abuse

US markets haven’t priced in a ‘significant second wave’ of coronavirus, says Citi Private Bank

(PUBLISHED MON, APR 20 20203:36 AM EDT)

~ Citi Private Bank’s Chief Investment Officer David Bailin warned that the worst may not be over for stock markets in the U.S.

~ “In the event that we have a very significant second wave of disease in the United States that cause a further shutdown of the economy ... that clearly is not priced into the market,” he said.

~ With the pandemic potentially dragging out a lot longer, Bailin said company earnings could fall by 40% “across the board” in the second quarter.


##https://www.cnbc.com/2020/04/20/us-markets-havent-priced-in-second-wave-of-coronavirus-citi-private-bank.html

Posted by FoolsGold > 2020-04-20 20:52 | Report Abuse

@Keyman188 what happen ? U did not make a big killing in mar19-26th ?

now looks like our Bursa declare independance from US Dj le...

Posted by ahbah > 2020-04-20 21:22 | Report Abuse

KUALA LUMPUR (April 20): Malaysia reported 36 new cases as of noon today — the lowest daily figure since March 14, four days before the government imposed the nationwide movement control order (MCO) on March 18.

Our Malaysians victory over covid-19 today.

Hidup Malaysians !

Please continue to stay at home to k.o. covid-19 to ZERO new cases !

Thanks.

Please also let our KLCI rises 5% 2morow to celebrate our Malaysians victory over covid-19 today !

Hidup Malaysians !

Posted by ahbah > 2020-04-20 21:25 | Report Abuse

Hidup also to all our Malaysian Dr. n all his assistantsssssss !

Posted by ahbah > 2020-04-20 21:30 | Report Abuse

Hidup to all our Mata Mata etc for taking care of our country !

Posted by firehawk > 2020-04-20 21:30 | Report Abuse

During MCO period, heard many newbies joining trading of KLSE (since Genting closed), the rise of KLSE is probably drove by this influx of new funds .... after this wave by newbies and speculative funds .....

Posted by Stockhunter88 > 2020-04-20 21:31 | Report Abuse

1. Injection of 250b to the market, klse will more or less reflect. 2 plenty of newbie jump into the stock market citing 10 years cycle golden opportunity. Just look at bursa share price will do

Posted by ahbah > 2020-04-20 21:36 | Report Abuse

All these newbies got infected by FOMO disease which is far more deadly than covid-19 !

Anyone who got FOMO disease will simply jump in the mkt n attack it like a wild tiger !

Posted by stklearner > 2020-04-20 21:44 | Report Abuse

My remisier neigbhour told me, some old timers at the gallery,called this Operasi Goreng MCO. According to these old Uncles, this is the hallmark of BN govt, now PN govt., use the stk market to generate wealth for the masses, whc will have multiple effect on the economy, dont know true or not.
But see the pattern is v similar to the old style goreng-goreng, KLSE blue chips leads the way, follow by 2nd liner n now penny stks rocketing up, and Bursa "strengthening effective of short-selling "tools, by limiting its volume, by combine RSS with IDSS, n maybe set shorter limits circuit breaker,not sure correct or not.

Posted by stklearner > 2020-04-20 21:47 | Report Abuse

with foreign funds aldry most out of Bursa, who else will selldown ?

Posted by ahbah > 2020-04-20 21:53 | Report Abuse

This FOMO disease can spread rapidly like wild fire from newbies to oldies !

Posted by Keyman188 > 2020-04-20 21:55 | Report Abuse

Mohamed El-Erian sees US economy contracting up to 14% this year due to coronavirus crisis

(PUBLISHED MON, APR 20 20209:28 AM EDTUPDATED MOMENTS AGO)

~ Mohamed El-Erian said Monday the U.S. economy could experience a double-digit percentage contraction in 2020 due to the coronavirus pandemic.

~ “I think we may be at minus 10% to minus 14% growth for the U.S.,” he said on CNBC’s “Squawk Box.”

~ “I’m a little bit more worried than what the consensus of economists out there is right now,” the Allianz chief economic advisor said.


The U.S. economy could experience a double-digit percentage contraction in 2020 due to the coronavirus pandemic, Mohamed El-Erian told CNBC on Monday, suggesting a much steeper decline than most economists.

“I think we may be at minus 10% to minus 14% growth for the U.S.,” the Allianz chief economic said on “Squawk Box.” “This is a big hit.”

El-Erian said the distinct nature of this economic hit —stemming from a health crisis — means traditional frameworks may not be applicable, acting as a further obstacle for a rebound. “The benefits you would expect normally, lower oil price means more dollars in consumers’ pockets, even that doesn’t work in this economy. So I’m a little bit more worried than what the consensus of economists out there is right now.”

The comments from El-Erian, formerly CEO of investment powerhouse Pimco, were in response to data from CNBC’s Rapid Update survey, which includes various gross domestic product forecasts from across Wall Street. The average of the estimate late last week showed about a 4% decline in U.S. GDP this year, according to CNBC’s Steve Liesman.

International Monetary Fund said last week the U.S. economy could shrink 5.9% in 2020. The IMF said the world will “very likely” experience its worst economic hit since the Great Depression.

In a follow-up call with CNBC, El-Erian stressed there’s “tremendous uncertainty” around any economic forecast, including his own, saying, “I hope I’m wrong.”

However, he said he believes the process of resuming economic activity after a pandemic will be a challenging one. “Until people are both able and willing to go back to normal economic activity, the best you can do is relief.”


##https://www.cnbc.com/2020/04/20/coronavirus-mohamed-el-erian-sees-us-economy-contracting-10percent-14percent-in-2020.html

Posted by ahbah > 2020-04-20 22:03 | Report Abuse

All oredi got know all the economy will contract this yr. 2020.

What all are trying to foresee is next yr 2021 what will happen to the mkt after oceans of $$$ are released into the economy ?

Posted by ahbah > 2020-04-20 22:05 | Report Abuse

Superbull 2021 coming ?

Posted by stklearner > 2020-04-20 22:05 | Report Abuse

i think, no harm have more bad news out, the more the merrier, so if KLSE still steady, at least give some confidence,to dip toes in Bursa waters...if collapse, get cheap sale also...

Posted by stklearner > 2020-04-20 22:06 | Report Abuse

Posted by ahbah > Apr 20, 2020 10:05 PM | Report Abuse

Superbull 2021 coming ?

if can navigate 2020 n emerge in one pc, 2021 will be Super !!

Posted by ahbah > 2020-04-20 22:11 | Report Abuse

This yr 2020 all news will be bad. Everyone oredi got know this lah.

What everyone want to know is next yr 2021 what will happen to the mkt after all the massive economic stimulus injected into the economy by all the central banks ?

Posted by ahbah > 2020-04-20 22:15 | Report Abuse

With bank interest rate at record low near ziro % rate, the moni will come out from the bank n flood the stk mkt ?

Posted by stklearner > 2020-04-20 22:19 | Report Abuse

i tht moni already come out now to flood the stk market ? next yr is full of scenarios, nobody really knows...

Posted by ahbah > 2020-04-20 22:24 | Report Abuse

ya, a continuous flow of moni from banks to stk mkt bcos of the collapse of bank interest rate.

Posted by firehawk > 2020-04-20 22:46 | Report Abuse

oil price plummet on 2nd. wave may cause more shale oil miners in US bankrupt and erodes the US economy .... hope yhis situation gives investors a better chance to buy cheaper ....

Posted by Junichiro > 2020-04-20 23:09 | Report Abuse

The recovery in KLCI might well be wave 4 n we might get another leg down to complete wave 5.

Posted by Keyman188 > 2020-04-21 08:23 | Report Abuse

The oil industry has never been in a crisis quite like this and many producers will not survive

(PUBLISHED MON, APR 20 20205:56 PM EDT)

~ The oil industry is in a crisis like it's never seen before, with the double edged sword of too much supply and a shocking drop in demand due to coronavirus shutdowns around the world.

~ The U.S. market has been particularly hard hit by a glut of oil and not much storage left to put it in, and that helped start a wild plunge in the futures market Monday where one contract fell 300% into negative territory.

~ "Producers are now being sent the harshest signal ever to react to the crisis," said one analyst.



##https://www.cnbc.com/2020/04/20/the-oil-industry-has-never-been-in-a-crisis-quite-like-this-and-many-producers-will-not-survive.html

Posted by Keyman188 > 2020-04-21 09:44 | Report Abuse

Warning issued.......

Most downside risk for May'20....

Forced Selling uplift......Political uncertain (Parliament Reopen)...

Q1'20 financial performance + Economy Data................

Posted by Keyman188 > 2020-04-21 10:03 | Report Abuse

Waahhh....dropping more than what I expect....

Heading 1st level support .... 1376 level.........

Posted by Keyman188 > 2020-04-21 10:07 | Report Abuse

Warning.......Warning......May'20 more & more downside risk...

Forced Selling uplift......Political uncertain (Parliament Reopen)...

Q1'20 financial performance + Economy Data................

Posted by firehawk > 2020-04-21 10:14 | Report Abuse

newbies may experience the bitter taste ...KLSE may eventually lose their support :-(

Posted by Keyman188 > 2020-04-21 10:20 | Report Abuse

In fact I'm nice "orang tua"....already given warning since last week...

But seem like newbies just ignoring the warning signal....

Posted by Keyman188 > 2020-04-21 10:24 | Report Abuse

Today still got chance to skip the boat......

Unless you want keep it for long term........

Unless you want to leverage down your cost coming soon.....

This week very slim hope to rebound back......

Watching this coming Friday, "Big Economy Data" will be announced by US

Posted by ahbah > 2020-04-21 10:31 | Report Abuse

Buy red

Sell green

A good way to make esi moni ?

Posted by Keyman188 > 2020-04-21 10:32 | Report Abuse

DJIA future dropped 200 pt....Hang Seng Index dropped 600 ++ pt...

Posted by Keyman188 > 2020-04-21 10:41 | Report Abuse

Now DJIA future dropped 300 pt....Hang Seng Index dropped 700 ++ pt...

Posted by Keyman188 > 2020-04-21 11:43 | Report Abuse

Dow futures reverse, point to opening drop of about 300 points

(PUBLISHED MON, APR 20 20206:08 PM EDTUPDATED MOMENTS AGO)

Stock futures reversed in overnight trading Monday as oil prices bounced off their lows following an unprecedented wipeout.

Futures on the Dow Jones Industrial Average fell about 257 points, implying an opening drop of about 308 points. S&P 500 futures and Nasdaq futures also pointed to lower Tuesday opens for the indexes.

The moves came as President Donald Trump said he would sign an executive order to temporarily suspend immigration to the United States to protect jobs “in light of the attack from the Invisible Enemy.” Millions of Americans have filed for unemployment benefits as the coronavirus pandemic shuts down economic activity in much of the country.

##https://www.cnbc.com/2020/04/20/stock-market-futures-open-to-close-news.html

Posted by FoolsGold > 2020-04-21 11:46 | Report Abuse

@Keyman188 is it possible to give the % drop also, so can compare whether our KLSE is keeping pace, with big brother ?

Posted by ahbah > 2020-04-21 11:53 | Report Abuse

Making moni made simpler

down ... buy

up ... sell

Posted by firehawk > 2020-04-21 16:39 | Report Abuse

Hope US markets plummet tonight .... let the fat duck has a little humble :-)