Malaysia Bloeh???

(this is from Nov 12 2008, when KLCI was stubbornly green ignoring the entire rest of the world)


This is hilarious. Dow is -176. Crude Oil is falling. CPO will fall. Regionals all down.
KLCI is GREEN.
Why? … I suspect that KLCI is taking heart from Singapore being green. The thing is… Singapore, they just had good news that Las Vegas Sands casino project is still going through.
Btw, this means that Genting shares are looking worse and worse.
Waiting for many people to get badly burnt by their overoptimism. As Dali pointed out, world property prices are crashing, but only Malaysian sellers are (foolishly) refusing to sell unless they get better price offers. In fact, this has really put a freeze/gap on our secondary property market. Malaysian property BUYERS however are being much more cautious… this situation will go on until the sellers get into serious financial difficulties. Which won’t be long more, I suppose. I advise everyone who is considering selling their excess/investment properties to just take sellers price. Better a 10% loss than a 30% loss. The finance charges on that apartment get sold along with the property, you know?
Malaysia boleh???