Is the Christmas equity bull run alive or dead?

Well, things certainly looks rather gloomy with US super committee failure to impress?
No tax hike, 1.2 tril automatic deficit cut.... its a win win for both sides, so what's the problem?
It just goes to show a weak government in my opinion. US14tril deficit is way too much to be indecisive... Republicans and the Democrats need to work together to agree to a bottomline that US needs to do to bring the country back to growth and lead the rest of the world.
Essentially there is no difference in leadership between US leaders and the European leaders in addressing the sovereign debt crisis....

Now with the China's Nov manufacturing purchasing managers' index (PMI) slumping to a level lowest in more than 2 years... is China going to see a hard landing because of China's monetary tightening campaign? Only in Q3 China raised interest rates for the third time this year in a bid to calm rising consumer prices.... so is China currently the world's growth engine is affected by the recent Europe's financial turmoil? Well of course!... its has always been a demand and supply thingy and will continue to be bounded by that.... else who do you think China are selling to??

Well, as for KLCI, I think its a different animal... afterall its backed by EPF, Khazanah and PNB continuously so I think its going to have the year end rally. Well, the moment penny stocks starts losing its glitters then its time the fundamental kicks in... in the mean time, let's punt safely.. :p