Real gross domestic product (GDP) decreased at an annual rate of 1.5 percent in the first quarter of 2022, following an increase of 6.9 percent in the fourth quarter of 2021. ... Gross Domestic Product (Second Estimate) and Corporate Profits (Preliminary), First Quarter 2022. Q1 2022 (2nd) -1.5% Q4 2021 (3rd) +6.9%
Q2 2022 will be likely negative growth.....lets wait for the announcement in 1st week of July. By then we are in the technical recession. Heloo and welcome year 2008/09
Local Inst are selling crazy. they know better right ! 21 June 2022, Tuesday, Trade Statistics | Participation: Volume traded 2.79bil Value traded RM1.87bil Local Retail: -RM8.38m | 26.01% Local Insti: -RM125.32m | 50.61% Foreign: +RM133.70m | 23.38%
From peak RM5.70 to current RM4.80. Next month we will know if US market is in technical recession the moment Fed announce the GDP data. By the time, we will see waterfall everywhere....run lor....keep cash for the next upcoming crash which is just around the corner.
The US stock market is like a hyper casino. Just can't imagine big capitalized stocks could trade at PEs of several hundred. Tesla used to trade at a PE of over 800. Even today, Tesla and Amazon are still trading at PEs of around 100. How nice if CIMB and Maybank can command a PE of 100. The Dow is still more than 4 times higher than its 2009 lows, the Nasdaq is probably 10 times higher. The KLCI is only about 80% higher.
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....