Things are looking bearish here in Malaysia but...

Everything are starting to look bearish right now. Even our Bank Negara's governor - Tan Sri Zeti Akhtar Aziz says that BNM may revise their GDP forecast for 2008 of 5-6%. She says that "Right now there is also a risk that we may have a slower growth and this is being experienced in the global economy, including the region." The general feel is definitely cautious with a slight twist of bearishness right now. I think that this is common within a Wave 4 correction or a Wave 5(ii) correction. I believe that we are in a Wave 5(ii) and once this is over, the KLCI could rally strongly to all time highs by the final quarter of this year. Stay tuned!