This is the snapshot of the KLCI from The Edge, at 2.45 pm today.
This is barely 24 hours after what some say was an earth-shaking decision from the highest court, one that will cast a shadow over the country forever. It also comes at the heels of more damning reports like this one that again cause the cyber pundits to say we are turning into a [fill in your choice words here].
Well sorry to break the gloom but let me present you with some objective reality in the chart above. All arrows are green. The stock market increased 10.83 points after the supposedly darkest decision in our history. And after comparing today' performance with a similar day in the very recent past, I have the confidence to say the deeper we sink, the higher our traders confidence climb, the better our stock market performance will be, the more money everybody makes, and the happier people are.
Morale of the story: whenever an international report downgrading our stability and credit rating breaks the wires, or when there's some major chaos happening within the country, quick, buy shares! You sure make money!
That's two in a row. The outcome of next incident should confirm my theory.
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