Sunday 8 January 2017

70B In. 10B Out. Poison

Is the 2008 chart topping hit for Rita Ora.

According to Bank Of America Merrill Lynch , since November, some US$70 billion of fresh capital has flown into the US stock market.

During the same period, some US$10 billion had fled, emerging markets including Malaysia.

Goldman Sachs meanwhile says this poisonous out flow is expected to last for another three months, and might only reverse in the third quarter of 2017.

All this means is that come Monday, the Ringgit and Malaysians stocks will be threading on thin ICE.