Is KLCI still worth trading time..??

Well, there are many reasons why I have not been blogging of late.. busy with life, family, work, thinking of the many assets of the country being sold to only a selected few individual(s) with high network cable all the way to the top along with the antics of the government in choosing not to disclose the MAS settlement with Mr.Tajuddin. Well, if the government is doing what its elected to do that is safe guarding the interest of the country and its people's development and money, it should by all means disclose to prove the public perception wrong.

Having said that, its becoming obvious that the current government does not care what foreign investors think of Malaysian government and which perfectly justify why many fund managers refuse to invest in KLCI especially when the entire equity market is controlled by EPF, Khazanah and PNB which indirectly or directly controlled by the ruling government be it willingly or unwillingly. Therefore the question of should we still invest in KLCI arises and I think to some extend, its probably still make sense to trade the market but never to long them as its going to be a disaster once the oil dries up.

Anyway, with huge debts and uncontrolled spending in the GLCs and public sector couple with the leakages and were left unaddressed although the PAC has reveal all the serious problems of accounting and spending recorded.

In short, for the next 1-3 years probably the KLCI is still worth trading or punting if you're a season trader.... else forget it and move on to other more natural market with better liquidity and market force... for goodness sake even indonesian market is better then KLCI. I hate to say this but its a fact.

In short, the only sector worth looking at right now it perhaps financials and at most plantation.... sad but true.