青红苹果

Yeah!!!~~~

Picture speaks a thousand words

 

Fact 1 - KLSE this week's support level of 1157 has been breached 2 days ago and now downside touching the next support level of 1090 is imminent. In fact, 1090 is just 35pts away from 1125 now since KLSE in the morning plunged almost 30 pts. With Najib now linking with Altantuya and all the shit news, there will still be crazy downside next week. But fear not! KLSE worst case was around 99 with 250+pts, with the improved economy now compared to 99, the bottom will be around 500pts? Lol.

Fact 2 -What is going on with the crazy oil price? Touching USD150 per barrel is imminent. However, whether it is done by speculators or actual physical hedgers, whether will it soon touch down cheaper or continue to soar, so be it! How about we concentrate on more solid concern---IRON ORE/STEEL HIKE!!! 

With all eyes on oil, nobody seems to care less about iron ore/steel. WIth Rio Tinto, the world's second largest iron ore producer, just concluded price negotiations with its Asian customers (96.50% increase for its ore) for the steelmaking commodity and world's third giant BHP Billiton to settle its contracts within these few days, this is the sixth consecutive annual increase in iron ore prices. Rio Tinto's settlement is higher than that achieved by Brazilian giant Vale, which agreed with steelmakers to price rises between 65% and 70% for its ore in 2008. Unlike oil, iron ore is not traded on the global exchange, hence speculations issue is basically out of the topic. Well, let us say goodbye to evercheap cars and houses and constructions and co. 

Fact 3 - Have we done with oil? Not yet. We all might think that living in Venezuela is as good as living in heaven as the oil there is as cheap as water. But now the poeple there are suffering big time with inflation rate as high as 31.4%. What is 31.4% supposed to mean? To illustrate a rough idea, with all the mess going on, Malaysia is still managed to cope with inflation rate of around 5%. 

Fact 4 - How is KLSE been doing? Erm...certainly not as bad as Vietnam or Shanghai who has just plunged from heaven to hell, with almost 50% of their equities gone with the wind. 

Berita Breaking Bolehland (1/7/08) - All time Bolehland Best Film?

Among all the continuous political bombs lately, Anwar's 2nd sodomy allegation certainly will be the easiest to claim one of the top spots for Best Film in Bolehland all time box-office chart.

The Wall Street Journal (30/6/08) : Malaysia's police opened an investigation into allegations that main opposition leader Anwar Ibrahim sodomized a male aide, further clouding the nation's political outlook as Mr. Anwar vies to become the country's next prime minister and unseat the political establishment that has ruled since 1957.

The allegation of sodomy -- a criminal act in Malaysia -- is nearly identical to a charge made against Mr. Anwar a decade ago that left him in Malaysia's political wilderness for years before the party he helps lead gained significant ground in elections in March. Investigations of and prosecutions for alleged sodomy are rare in Malaysia.

Saying his life was under threat, the 60-year-old Mr. Anwar took refuge at the Turkish Embassy in Kuala Lumpur early Sunday morning. In a statement, he called the sodomy allegation made in a police complaint by the 23-year-old aide "a complete fabrication." Mr. Anwar said the accusation was trumped up "to undermine the forces of reform and renewal which were unleashed in the March 2008 election."

Mr. Anwar's People's Justice Party, or Parti Keadilan Rakyat, won 82 seats along with a group of allies in the 222-seat lower house of Parliament in the March 8 vote. The alliance needs 30 more seats to replace the National Front coalition, and the charismatic Mr. Anwar has been trying to attract defectors from the ruling coalition in hopes of forcing a change in government. It would be unprecedented in Malaysian history for the opposition to take power through the parliamentary process.

星洲日報 (1/7/08) : 公正黨顧問拿督斯里安華透露將在本週內製造補選，同時將有4名國陣國會議員加入民聯.

星洲日報 (1/7/08) : 公正黨顧問拿督斯里安華指出，根據目前的證據看，共有3人涉嫌策劃這次對他的雞姦指控。這3人是高官夫婦及其一名助理。安華說，今時不同往日，而這回他將抗爭到底，駁斥所有對他惡意的指控。