Another Mirage?

Bursa went up this morning as if nothing serious is happening in China. So the impending interest rate rise in China which will make funds more costly to dabble in the stock markets seems to affect only China?

Talk about contagion effect. It looks like the market will believe what it believes. Until the news of the interest actually materialised, I think the markets elsewhere would operate as if they are closed economies; which is not the case. So what gives?

I believe this morning upward bias is because shares have become cheaper and some fund managers have money in the kitty to buy in. Speculators may be more cautious as yesterday was quite a jolting experience!

We would have to wait until the witching hour to see whether the market has found its legs and is ready to climb somemore. Gentings, KPS and RCE look good this morning. hope they can sustain in to the afternoon.Quote o f the Day:"Don't Talk unless you can improve the silence." Unknown. Heartsong