KLCI movement this week...
Well, Yingluck Thaksin has done it!... well done to the red shirt. The party surely has a lot on its plate... particularly important is the 40% increase in minimum wage.
Anyway, in Malaysia the country is facing the Bersih 2.0 rally this Saturday so what does that means to the stock market?
To be honest, i think the stock market has already factored that in.... no surprises, the only thing is if UMNO led gov really go all out to stop the gathering either through ISA, EO, Police arrestment of all suspects with yellow theme, then it will likely be a no event but the chances of that happening would be less than 5%. Why?... simple.
First, does the country has enough jail space? 2nd, it would instantly be labelled as Libya no.2.
Malaysia's involvement in any human right related matter would be viewed as a joke. Unless of course if the politicians are too dumb to realize the impact of their actions.
First, I do agree having the rally will affect business... but surpressing them would be an insult to democracy. So why don't give then a space and ask them to gather there in peace. It can be used as a way to gauge the support of Bersih and at the same time if the number is very high, BN should know what to expect in GE13 and on the other hand, if the turn out is low, it would be a slap on the face to the opposition parties. Either way, I see BN is set to gain valuable info from this rally to prepare themselves for GE13.
Thailand's opposition win is a sign for BN that no one stays in power forever unless you turn into communism like China, else its common to switch power to mitigate abuse of power and complacency. Be a gentleman BN, don't act like a coward and last I want is for other countries to view Malaysia as a communist country with no law and act barbarically to silent critics.
I value my investment and hope those stupid politicians don't screw up my big plans.
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