And so it is? So what's in store for this year? Will the market be good? Or bad?
To be very honest, I dont know. Of course, everybody knows that the KLCI is now at an all time high. But what could knock it down? Let's speculate:
(1) US property resumes price drop.
(2) Bursting of Chinese property `bubble'.
(3) Panic over creditworthiness of European sovereign debt.
(4) Commodities inflation/ speculation.
(5) Surprise Malaysian general election result
(6) Black swan event, e.g. terrorist nuclear attack on Seattle.
Bottom line is, I honestly do not know. All I know is, stocks are not attractive right now. And so I'm keeping my cash in my wallet.
