Chinese New Year celebration already enter its 6th days. As usual we will be travelling around asking people what did they foreseen in the coming future for the KL Composite Index? Some of them even suggest that this year the KL Composite Index might be eyeing 550 points level ...... Some of them even show me a predictions from Guru Master of Feng Shui. They even mention to me that when was the time that the market will behave negatively. According to what they mention here the Bear's will concur the equity market for at least 8-10 months and the Bull's will fight back only for 2-3 months only. Some even told me that the economy won't be recover until year 2011 or year 2012.
Other suggest there will be another financial collapse in banking system especially in the U.S. or maybe in Europe. Gee .... this kind of news still floating around and it suggest that we still need to go for a biggest battle in the financial market wars in terms of capabilities to stay alive in equity market.
What ever is going to happen this year, it will be a tough year for the equity market. The Bear's is predict to take over the Bull's through out the year of 2009. It won't be an easy market to survive. If we are not careful enough, we might not being able to help ourselves if we being slaughter by the Bear's.
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