If we had the kind of market we had on Thursday for 3 months, watch the velocity of money rushing through the economy, the multiplier effect would be enormous. Catching everybody off guard. I mean, Muhibbah went very close to being LIMIT UP, my gosh, when did we ever hear of that phrase nowadays, so ancient.
OK, the Iskandar linked counters led the way for the last few days. Like I said before, for any kind of bull to appear, there has to be a leader. Remember this theme because after the elections we will have a genuine bull run, probably with the same actors and supporting actors.
No one could believe what was happening on Thursday because the election was supposed to be so damn close, to be called any day, and yet you seemingly have the start of the mother of all bull runs appearing. So many retail players were sidelined, but can't help it, the lure of a trend is soooooo ... intoxicating. Your discipline is called into question and kinda gave way very quickly to the temptations of the 'flesh'. How weak we humans are ...
We can all study the best business books but the madness of crowds usually prevails. Will this run continue? Looks like it. Very hard to stop a moving train. Of course unless parliament is dissolved, that could drag things down somewhat. So its all the more exciting and unbelievable ..... its like a casino that declares that they have changed all the odds in favour of players against the bank (blackjack, banker has to draw till 18; the roulette 0 means all numbers get paid off ...) so you have this wonderful casino but management of the casino also said that there is an earthquake registering 9 on the Richter scale that is coming anytime and there is a house fire in the kitchen that could engulf the casino in a matter of hours .... and yet the punters flock in knowing full well the pending uncertainties. Wallah!
Can these kind of market days suddenly appear? NO. Is it orchestrated somewhat ... if you ask me privately, I will give you a very detailed answer. Things like this cannot happen in our markets unless you can see a confluence of economic and fundamentals and liquidity according to the textbook. You tell me, can the market move like it did with so many funds flowing in, throw in the "syndicates" (in my dictionary "syndicates" is not illegal or sinister but the gathering of two or more people agreeing to do something together). You tell me, can they all suddenly wake up and decide all at the same day to "move stocks".
Just be careful, people.