What next?....

Many people has started to question the Malaysian market these days ever since the ruling government lost 4 of its the important states in the peninsular.

Question such as will the NCER, SJER, ECER and other major projects such as the 2nd Penang bridge in Penang state and other government enforced contract such as the the PGCC.

Well first of all, in my opinion the PGCC is doom.... it will never materialize. Realistically, it is not fit for implementation... PORR is another project poised to be scrapped....property buyers in Malaysia, becareful before you sign up for any new property... for you may end up holding it for a very long time...

Mortgage crisis is ending, oil price is hogging the lime light for now... >USD120 a barrel is just obscene...for a limited resource, those suppliers surely know how to squeeze the world consumers dry... credit crisis is not gonna end as quickly as some of us wanted it to be.... it's just gonna get tougher from here on... financial crisis from credit card spending is inevitable... one after another, the world just have to ride this one out... inflation is already here... the question is when it will recover?... banking sector is facing an uphill task in keeping up with the rising expectation of skeptical investors hoping for capital return on their investments...

Shortages of building materials is stifling the construction industry and for a house that needs RM250k to build from scratch a year ago, now needs ~300k on average across the country....

the fed gov has got to do better than this... projects announced in the 9mp have to be continued and supported from all angles to ensure that promises are kept....

US economy is reaping the bad seeds planted since the time Greenspan is in office and Bernanke is just clean up mess... US dollar is not going to recover its value unless they end the Iraq war and stay quietly at home building the new foundation for the country's economy going forward...

China market has retreated quite a big chunk in view of the nearing Olympics...Shanghai stock exchange will be hovering around 4k come the next 6 months... I expect nothing interesting... rather Singapore stock market is one of the best location to invest in for now in view of the good corporate governance and stability of the country in the Asian region....

For traders, I anticipate the Malaysian market will not have any major movement until the UMNO general assembly meeting draws nearer...so if you have been actively trading for quite a while, take a break la... what's the rush?... you won't lose much.... :)