The Malaysian Stock market rose up not because of our newly appointed Mr.Pekan or newly announced cabinet by our Mr.Pekan. Malaysian stocks have been rallying since the start of April due the huge technical recovery on Wall Street. The very strong gains of the past few days have been due to the US market which rallied because of a huge US$8 trillion stimulus package being pumped out across the world and because global interest rates are now nearly touching zero. It is this sheer amount of liquidity and access to cheap funding that are fueling the worldwide rally.
I have heard the news yesterday quoting as "Bursa is showing a good start due to our newly announced cabinets" My foot!! Don’t you see the Dow jones, Nasdaq and S&P 500 of US market rising for these past 3 days.
I am totally disgust over these national media's quoting favour to our goverment as though we live in the 19th centuries. Yahoo finance or gogle finance is god enough to show the proof that our bursa is not rely on our ministers or our Mr.pekan's move.
We will see how stocks going to be for next the week. Lets watch how Mr. Pekan is going to determine the stocks in Bursa?? catch up next business day..
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