These few days the Dow Jones Industrial Average (DJIA) are moving in a consolidation phase. Although sometimes the index break its strong supporting level of 8,000 point but on the next day the index manage to climb up and close above that level. At the moment the indicators stated the DJIA is still sitting in the hibernation.
Well the world equity market currently are moving side way and there is nothing special to talk about. But we need to monitor the current situation in our local market as well, the on going political situation. Especially the newly established Perak Governments under Barisan Nasional. There has been lots of unhappiness news flowing around after the 11 months old Pakatan Rakyat Perak Governments collapse with the previous Menteri Besar still vow to fight back.
This morning the so call Perak Menteri Besar Datuk Seri Nizar Jamaluddin and his state executive councillors are reporting for work at the state secretariat this morning in what is turning into a major constitutional crisis in the state. Datuk Seri Nizar refused to resign yesterday when asked to do so by the Sultan, sparking the state's biggest ever political crisis.
It is understood the Pakatan Rakyat government plans to file a legal suit to challenge the legitimacy of a Barisan Nasional government, which they said is a result of a coup orchestrated by Deputy Prime Minister Datuk Seri Najib Razak.
With this kind of situation still hanging around it would be wise for us to put our attention towards this coming few days as something big is going to happen in the Perak state and it might be things like we don't want it to happen in the first place.
1 comment:
PKR has to Fight Back to wrest the power, alright, but, for now PKR has to abide by the constitution to surrender that power to BN as they have that simple majority required by law to govern Perak State whether you like it or not.In the meantime PKR is to find a strategy how to tackle the problem and gain back the power. By the way PKR has ample time until the next General Election to strengthen up the party and build a stronger coalition to get a better mandate.There is still tomorrow and the days of reckoning will come by.
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