This correction tell me 2 things:-
1) Bursa Malaysia is closely link to the world markets, the market sentiment and up & down will be affected by the regional market's volatility. Hence, a serious investor must be able to observe the regional markets performance.
Actually, the world index (ie NYSE, HangSeng, Nikkie, STI) has already shown weakness months before the currect correction.
2) The weak characters of our local market investors
Malaysia's investor or the retail investor tend to 'throw everything out from the window' when the market undergo correction, they sell everything base on fear & emotion rather than fundamental. This also explain why our mkt drop the most in this round of correction if compare to the others regional markets.
2 comments:
local fund managers are selfish, and also retailer not educated.
if you can't beat them, you need to join them
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