How low can the KLCI go?
The KLCI hit it’s highest peak at 1502 last week and everyone was rejoicing. Today, the KLCI is at 1352 a drop of 10%, and probably wiping out the savings and retirement funds of most small players.
I cashed out last month when the KLCI was at 1426, after holding since the index was 700. I hope I am able to catch the KLCI at it’s lowest before going in again. Is this the start of a bear run and the start of the 8 year bust cycle?. Sounds quite scary for most people.
What will happen if the KLCI falls another 10 or 20%?. I guess it will be a very sad Chinese New Year and also the General Elections will have to be delayed, due to lack of funds. hehehehehe.
Read an article about the stock market fall and high inflation, and how it is affecting most Singaporeans quite badly. It’s a shame especially when most people treat the stock market, like a casino, gambling their savings, retirement funds and even punting on borrowed capital.
Oh well, easy come, easy go and I guess the stock market is the fastest gambling place you can find.
It’s about time people look at safe options life the Bioslife Franchise. I guess people with vision will see it, while others say it’s too hard work, and prefer easy money like gambling.
Happy gambling!
