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Dear Readers,
You all know the fact and don't want to hear it. You are bleeding and screaming for not exiting earlier. The Sept month was terrible as forecasted in Sept 2011 Stock Market comments. KLCI is down almost 120 pts since the closing of Aug 2011. We (KLCI) are down more than -8% (at the writing) since 30-Aug. The regional markets fare worst.
Let's look at Hang Seng, down -15.5%, Singapore Straits Time, down -8.2% and Shanghai Index, down -6.3%, ASX down, -10%, Indonesia Stock Market down, -14.3% and finally, US S&P down, -6.7% since 30-Aug 2011.
So far KLCI is one of the better performer, at least. Doesn't it feels like 2008 all over again. The price of every asset classes seem to be falling. Equities/stocks down, gold down (at the time of writing, mthly loss) -13%, silver down -34%, crude oil down -10%. That's how it is in a liquidity crisis. Everybody wants to sell everything – everything except US dollars. US Dollars are up +6.7%.
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-Martin Wong-
Licensed Fund Manager
Phillip Capital Management S.B.
Fund Mgmt website : http://www.poems.com.my
Personal website : http://www.martinwong.com.my
Investing/Trading website : http://www.traderstruthrevealed.com
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