Monday, December 29, 2008

Most Tension Day SEPT 16 2008 - Malaysiakini

Today the world market performance until this afternoon is almost quiet. No major movement at all. Talking about any new sign of bad news right at the moment, I will consider all the major bad news have already came out with some still hidden inside waiting it to be explode.

Two more trading days before we celebrate New Year. How the market will react in these two trading days? I'm expecting it to be quiet and dull. Basically it will depend on how the U.S financial market will perform towards three more trading days.

Currently our country political situation is normal with nothing much to write about. Since the unsuccessful events on Sept 16 to topple Prime Minister, Datuk Seri Abdullah Ahmad Badawi, Datuk Seri Anwar Ibrahim has kept his mouth silence since. Form all the happening happens in Malaysia, I would call the most tension situation of all the time was the Sept 16, 2008.

Basically I would rather says that because of our political turmoil after March 8, 2008 General Election, it has really help many investors and individual from getting burn and hurt in the share market during the world financial crisis strike that occour in the month of September. Since the election many investors and individual have stay away from the share market because of political turmoil in Malaysia.

Let us recall back one of the press statement issue on Sept 16 by Datuk Seri Anwar Ibrahim in order to celebrate the historical day in Malaysia * Malaysia Day * but it never materialized.

Today Malaysians celebrate Malaysia Day – the day our country became whole and our people become united. This day has a new meaning. After years of struggle, after fighting against a system that is corrupt and unjust—we affirm that victory is finally at hand. Our vision of rebuilding this country and bringing its people together, as the founding fathers envisioned, is within reach.

The economy is in turmoil with runaway inflation and joblessness creating widespread discontent. Racial tensions have been rising, exacerbated by the propaganda spread in the government owned mainstream media. The administration has offered no vision to steer the nation out of this quagmire and there is manifest erosion in confidence in the current government.

We in Pakatan Rakyat believe we can save Malaysia from economic ruin and the dangerous politics of racism. We will do so prudently, legally and in doing so we will not jeopardize the security and stability of the country and the safety of its people.

We have received firm commitments from members of Parliament in excess of the number required to form a new government, and our government will reflect the diverse makeup of Malaysian society.

It has been our concern to ensure a peaceful transition of power. We do not wish to see a repeat of what transpired in the Selangor and Perak State governments, where following the victory of Pakatan Rakyat on March 8th, documents were shredded and removed by the outgoing administration.

We furthermore advise radical elements within BN against the abuse of state power to unlawfully harass and detain our supporters. The immediate investigation by the ACA of Dato Seri Yong Teck Lee after the announcement by SAPP of its intention to move a motion of no-confidence against Dato Seri Abdullah Ahmad Badawi is another example of the tactics we reject. The use of the ISA, as has happened to MP Teresa Kok, would be an unlawful impediment to the transition process.

In light these serious concerns, yesterday leaders of Pakatan Rakyat sent a letter to the Prime Minister at 2:30 PM requesting a meeting to discuss the future course of the nation’s leadership and to seek his assurance on the following important matters:

That the BN shall not hinder or prevent their BN MPs from acting in accordance with their conscience, constitutional rights and independent judgment;

That the BN government shall not invoke the Internal Security Act to detain any of the MPs who will join Pakatan Rakyat, or any of the present 82 Pakatan Rakyat MPs;

That the BN government shall not invoke emergency or police powers, or suspend the constitution, or dissolve parliament in response to our intention to form a new government;

That the Barisan Nasional government shall not impose road-blocks and impede the MPs from gaining access to the House of Parliament and the institutions of government.

We believe the Prime Minister will share Pakatan Rakyat’s concerns for the welfare of the people and security of the nation. We are confident he will ensure the BN will act constitutionally and democratically to ensure that the transition will be peaceful, and there will be no actions taken to sabotage the wishes of the people or play on racial tensions in the country.

We appeal to all quarters in Malaysian society to understand our intentions are for the betterment of Malaysian society. The mainstream media, in particular, should accept the reality of these historic times and report fairly, accurately and without bias. The irresponsible tact that is used by the media to obfuscate issues, attack opposition supporters and instigate racial tensions must end immediately.

Following our meeting with the Prime Minister we intend to proceed within the framework established by the Federal Constitution in the formation of a new government, with the assent of the Yang di-Pertuan Agong.

Leader of Opposition
De-facto leader, Keadilan


CP said...

Happy New year,Jackie.

Now, do you think the March 09 transition will be smoothly done or something up the sleeves? I m very cautious about it and MUST get out of KLSE before FEB.


Jackie Lee said...

Happy New Year to You CP..

If we check our historical events, usually whenever Chinese New Years ended, it didn't means that the market has ended.

With some political news still playing around and with soon to be Prime Minister Datuk Seri Najib Tun Razak, I don't think anything very bad will happen to our Malaysian market unless something worng with the world financial market.

I think the share market will sustain at least until end of February or maybe till March.

But for sure next year will be very bad compare to this year. We might be seeing another lost of confident towards the financial market as well.

Just be careful and be sentitive in our short terms investment during the month January and February 2009. Who know ?

I'm not an astrologer or a feng shui master. I just follow the technical way of the past historical data.....

Happy trading CP......