Now there’s a bloody war going. Can anyone tell me how many people have died in Lebenon in the last 2 days? No? How about what the KLSE closed at today? Ha ha nothing to be shy about, my capitalist friends. Just remember to spare a thought or two for the innocent fallen. And now, political events have a real propensity to throw spanners into the mix. Just as we were about to anticipate a nice rise into August off the back of some earnings, along comes a bombshell or two, and just about everything except oil and commodities took it right on the chin. And judging by the dreaded black candle on high volume today, nobody was buying.
But in the grand scheme of things a correction was expected, so the big question now is how far?? Well your guess is as good as mine. My only advice under these circumstances is do not react to news and political events because they can always change. So stay calm and stick to your gameplan, and of course continue to read what the market is telling you and not the newspapers.
I’m back in Penang for the weekend enjoying the food again and catching up on my music listening so prepare for a music review or two very soon!
