Enough Said

To start off, this is just an OPINION, and nothing intended regarding the political views or aspects of any parties, people or group.

I’ve been receiving a bulk load of emails, forwarded from friends and people unknown and amid that the facts are really scary ..walking up to the Malaysian General Election.

“Confidential Memos” from top gangs have implied the following harsh changes and hardship to all. Among those I have been hearing from the rumour mongers …(as I have no idea whether they are true or not) and so here are the things I have heard:

Penang Bridge and Ferry Toll is thought to rise to RM10 on the discounted Touch-n-Go cards, which equates to the cash user of about RM12.20 or so. Citing costs to widen the bridge and fuel for the ferry, that is something I might believe in.

GAS prices will rise by about RM5 per tank, which works to almost RM30 per 17kg tank. So there goes the price of the Roti Canai to go up by another 30c per piece or the teh tarik by another 50cents.

Petrol will go up in January to RM2.10 per liter and rising slowly to the level of RM3.15 by Christmas 2008. Citing the cost of oil over the US$100 barrel threshold, is something a burden to the government, but they could just do away with the tax and all, since Malaysia produce the fuel.

Alot other things have been heard…but I find these more credible and could make sense…so the pay rise will be 10c or about 1% for the civil servant but the price increase will go over the ringgits.

Another issue is the slowing of the Chinese Economy due to the Handover of the Olympics. China has about till May to hand over and do a bit of touch up, so what is expected is that China will stop buying…so when China Stop Buying..they start flogging it. So down crashing the stock markets,up the price of oil and other commodities and what not. So, watch out.

India is a good hold for the time being, but in view of the imminent Chinese Tumble, Stock brokers alike agree that a sell-off must be made gradually as not to create panic, but the target will be around April or May. So remember, this may be no April Fool’s joke, so once U made that cool dividend (we hear most of the stocks will be about 10% for Unit Trusts of ASN/ASB ) and about 3% for other blue chip stocks. So watch out, don’t be too greedy and greed will hit on you.

Best Regards…take a deep breath..and think.
Like I said… this is just speculation.