FTSE KLCI drop till 1269.70 basis point

This week FTSE KLCI unable to break the 1300 resistance line even it is so close in last week, and untill today, it had dropped till 1269.70, which had break the supporting line of 1277. And today's dropping trend is due to the share price decreased in major finance industry stocks (PPB, CIMB, and AMMB) and also planting stocks (IOI and BKAWAN).

This news will not seems interesting here as reader can get this information in any media, the interesting thing I would like to share here is, last weekend when I attending the seminar organized by RHB invest, PPB, CIMB and IOI is the few major stocks included in their recommended stocks which they said will have a chance to gain in this few weeks, haha, the message which I am going to bring out here is, don't ever believe blindly in any analysts recommendation, for market is really really unpredictable.

Anything will be a important point to determine the market trend, for example this few days downward trend is contributed by the policy of financial tightening of US and China, which scattered away lots of investors.

But if referring to Warren Buffett adverse investing strategy, is it now considered a good time to go in market? which is "greed when majority of people fear, fear when majority people greed", while we still not see the potential decrease level? lets track it~