Monday, August 27, 2007

Bursa Malaysia: Bull or Bear?

I'm no stock market guru, but I've been invited to speak at a Mandarin forum organised by Oriental Daily with regards to the above issue.
Date: 28th August 2007 (Tue)
Time: 7.30pm
Venue: KL-Selangor Chinese Assembly Hall
In recent weeks, the global equity and money markets can safely be regarded as undergoing a fair bit of turmoil, to a large extent caused by the subprime mortgage market crisis in the United States.

Therefore, the billion ringgit question, and I think analysts are split on this, is whether the current correction to the global stock market of between 8-10% is merely a healthy correction or is it a sign of more depressing things to come?

The stock market is without a doubt one of the hottest buttons to press, when it comes to generating public interest. Even when I travel to different parts of the country giving talks with regards to the Malaysian economy, in my position as the Economic Advisor to DAP's Secretary General, the audience tends to only wake up whenever the stock market is discussed. ;)

Even the last time I spoke at the Oriental Daily Forum on the 10th Year Anniversary of the Asian Financial Crisis, together with Dr Ho Kee Peng (who will also be there tonight), it was a "sold out" crowd.

So see you there! ;)
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