Down, down, down….
Posted on July 2, 2008
Filed Under Malaysia, Finance |
The Malaysian stock market is like having a bad diarrhea. Each day, it drops 10 to 20 points. It’s now hovering at the 1500+ mark. Soon, maybe by end of this week, it’ll break the 1.1k mark.
As long as the political scene here doesnt stabilize, i bet our stock market will continue to slide further down as foreign investors pull away. With crude oil prices constantly on the rise, this will undoubtedly have adverse effect on its longterm performance. Forget about short-term gains.
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