Cheap Sale in KLSE?

A lots of people are waiting for panic selling in KLSE today but it seems to be holding up well. So no discount today.

Emirates' investors finally offloaded a big chunk of its holding of ETI TECH shares yesterday and today. I am not sure whether they are holding any more but it is a good sign for ETI TECH or 'EDDIE' or 'ET', the nicknames I gave to this stock. Bad news is that Dubai or Abu Dhabi is in urgent need of cash. I am not sure how the bubble in Dubai will affect the rest of the world. Is it really resolved? It is still struggling? Or it is just matter of time when bankrupcy is imminent?

China's announcement of tightening its loan policy for banks sent a small tidal wave across the world. Combined with dissappointing Bofa (Bank of America) earnings result, US stock markets are not doing quite well yesterday.

Two bubbles burst. (US and Dubai) One is coming? (China)

The warning from Chinese government also sent a fear signal to Bursa Chinese stocks holders. MSPORTS, XINQUAN and XDL are being ignored or deserted due to this matter. The rally party was short lived.
Rotational jackpot still continues in Bursa. It feels like standing in a casino where people are buying and chasing hot stocks.

Will Warren Buffet's "To be greedy when others are fearful" work in this situation? No, as there is no fear. It should be the other way round. But the fear in US Wall Street overnight showed mild fear. Finally, everything gets balanced up as fear and no fear are in neutral state now. No too fearful and not too fearless. I believe the market will go sideway.