Thursday, March 25, 2010

The Bull Mentality

After a week of school holiday, all traders are back with all the good news surrounding Bursa. First of all, the foregin fund (fun) manager upgraded Bursa. The stocks surged. Then Nanyang Siang Pao was sweet talking about REIT stocks that can promise a return of 8.7%, all the REIT stocks went up. Now Malaysian Bank Negara revised Malaysia GDP up to 5% by the end of the year, the stocks go up like crazy today. Everything is so hot and I am a bit suspicious. Maybe I think too much. What if they announce all these good news last when everyone was in holiday mood? Just curious.

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