KLCI recent rise justified or 'artificial'?

Are these index related companies performing up to the financial valuations given to them? Or this is just a feel good factor bubble? 9mp, visit Malaysia 2007 and possible election are the main reasons why many investors/traders feel that the stock market will perform better than other investment tool such as commodities, forex, bonds and etc.

The country's steady economic growth, higher FDI, ever increasing capital inflows and rising BN reserves has been able to keep the bullish sentiment going for quite sometime now... question is will this continue?...well a more accurate question is, ...Have the companies listed in KLCI reached their potential based on their 2007 earning estimates? I personally believe many of them are overvalued... well partly because these companies we bought based on impending forecasted earning few years ahead from now. While some companies remained undervalued that the majority shareholders opted for privatization.

So let's not be deceived by the KLCI points merely because they kept rising... do yourself a favor by doing some analysis before you invest your hard earn money in stocks.

Last week a hangman or I would call it as after consolidation hammer appeared on the chart and as of now, the CI is up 8 points... let's wait further to see where the trend heads to...