Tuesday 25 April 2017

Stock Market. Armageddon

Is the highly acclaimed cult hit by Michelle Treacy, which got her a Juno nomination in 2016.

For those of us who think that Malaysia paying the "Arabs" again for the second time, and that the Ringgit firming up to RM4.37 against the US Dollar is an indication of good things to come.

Think Again.

May is just around the corner and as the saying goes sell in May and go away. If that is not enough, there is a case of an Armageddon taking shape .

Bloomberg has the story. Read below :

The Chinese and U.S. stock markets are going in opposite directions.

An intensifying crackdown against leverage in Asia’s biggest economy has rocked the hither-to unflappable Shanghai Composite Index over the past week, sending it to a three-month low last session. In the U.S., the largest equity market is embracing a risk rally spurred by the French election, with the S&P 500 Index continuing to build on reflation-trade gains ignited by Donald Trump’s November victory.

The divergence means the two markets are the least in tune since August 2008 -- just before the collapse of Lehman Brothers Holdings Inc. unleashed chaos on the global financial system