Thursday, November 11, 2010

Has the hibernating bear awaken?

とてもかわいいのBEAR!!!!! I always love bears. They are like dogs. They are furry, lazy, fat and can be very bitchy (sowy for the bears <-- fyi sow is the female bear) when they are pissed. If you do not know what a bear will do when they are pissed, please click into THIS LINK!

Today KLCI fell by 14.31 (0.94%) to 1513.70. Wow, that is certainly a huge drop for such a short period. In my previous post two days ago just mentioned that we are in a bull run right now. So are we at the peak now and the bear has awake to hit us?

For me, bears are always とてもかわいい a.k.a. cute. They do not attack us unless we do something very stupid to them such as kicking them in the ass or stealing their honey or wake them up in their sleep.

Always before a bear attacks, we can tell it. We kick him in the ass, it will open one eye and look at us then fall back to sleep again. Then we kick him again. It will scratch its ass. Then we kick it again!! BOOM!! We'll get a nice warm bear hug. So learn to look for the sign of a bear attack.

I do not believe that this 0.94% drop is a bearish signal. This drop is mainly caused by PPB (-4.7%) due to its Wilmar 60% drop in net profit in the current financial year. However, the market volume and turnover are still high. More advancing stocks than declining stocks in the market. More importantly, the rest of the world is enjoying the bullish market. Unless Malaysia's stock exchange is so fucked up, we won't see a bear waking up any soon.

By the way, Warren Buffet loves bear, Goldman Sachs loves bear, and I love bear too!!!



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