Big fish

As we speak the Dow Jones Industrial Average(DJIA) has plunged another 200-odd points at the end of Tuesday's trading day. Resurfacing of new credit worries and concerns about the health of the consumer (indicated by generally dismal performances by key market indicators including retailing giant Wal-Mart -5.09%). Based on my experience, that's like a bomb waiting to happen tomorrow. One might even compare this to cancer - it's gonna come, and there's only so much you can do about it. No disrespect to anyone.

You may stop the water but you can't fight the wave
This begs the question: Has the bull lost its steam? Or in other words, has the local as well as international bourses reached their peaks? Admittedly signs of an overheated market was quickly replaced by optimism in the local bourse due to the upcoming elections. So was that overrated? Some people beg to differ lamenting instead that the local economy still has strong fundamentals and will thrive again once things settle down. Unfortunately, due to KLCI's dependency on the DJIA, KLSE appears to be beyond help paving way for capital outflows from institutional investors who decide to play safe.

Another good analogy comes from the founder of Freely method of Options Trading, Clemen Chiang. (No, I didn't go for the real thing..yet) During one of his preview sessions, he once asked (something along these lines)

"What happens during an election crisis here in Malaysia? KLCI crashes? Maybe, maybe not.."
"But what happens when there is an election crisis in the US? The whole world (including Malaysia) would crash whether you like it, or not."

So why look at the small fry when you know we're all gonna lose a leg when Jaws comes?
Might be a good time to rethink my strategies.

This post is merely an opinion and should not be used as investing advice of any kind.
I am a noob.
That should do the trick.

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Forgive me for not posting my interpretation of the Namewee incident as I am currently gathering more facts and evidence to support my post and claims. Among which is the extremely interesting and controversial MAY 13: Declassified Documents on the Malaysian Riots of 1969.
Also, I'm sure some - if not many - of you have noticed that racist sentiment has increased dramatically in the past few weeks in view of the issue. In the meantime, I plead that every sane human and animal (including the cock in the song) do their bid to ease any sort of tensions. Don't succumb to the temptation of venting without rethinking the larger cause. It is better to lose your ego than lose a friend.