IT'S GAME OVER FOR WALL STREETS, GAME OVER FOR THOSE DAY THAT HOT MONEY CAME IN & OUT INTO ALL OVER THE WORLD TO PUSH UP/ DOWN CERTAIN MARKET TO SPECULATE/MANIPULATE FOR INSTANT GAIN IN MARKET.Those market that have higher Foreign Participation will be burnt the hardest.( Fortunately Malaysia is the least one)
Tokyo, Singapore, HongKong will be the worst among the Asian countries. ( It's a nightmare to be a Financial Center now!)
Expect all the high PE counter to go down gradually to a single digit PE price.
Not just Bond market dry up, Equity Market also dry up.
There are no more $$ in share market for Major shareholder to cash out, you just would not get a good price for your IPO.
All back to basic, you only go to Bursa if your Company really need to raise Fund.(not cash out )
This time in Bursa, When Financial Tsunami hit Malaysia, it is the BIG SHARKS & BIG CROC THAT GET BURNT, Not the small fish & retail player like you & me.
Now we have to learn to invest in Bursa as a shareholder, but not investor, certainly not speculator, at least for these few years.
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