1. I don’t play the stock market but I cannot think of anything more silly than computer programmed buying and selling of shares.
2. The program can work if only a few players make use of it. But when the program is available to tens of thousands, then their concerted programmed buying and selling will surely affect the market.
3. Simultaneous buying by thousands of players will push up the prices very high while simultaneous selling by tens of thousands would push down the prices to extremely low levels.
4. That was what happened when Dow Jones went down by 1,000 points. And as the index go down the computer would direct the players to sell more, and again the index would plunge.
5. As can be expected the other stock markets would panic and follow Dow Jones. Then the whole world would lose market capitalisation for no good reason other than the effect of the computer’s programme.
6. Governments should ban computer programming for stock market gambling. Otherwise periodically we will be seeing stock prices plunging.
Assalammualaikum w.b.t Ayahanda Tun dan isteri,
Semoga sihat wal-afiat selalu.
Saya mengikuti perkembangan DJIA pada masa “1000 point death plunge” baru-baru ini. Pada mulanya, seseorang telah dipersalahkan kerana cuba “short selling” USD 16 juta tetapi telah menjual USD 16 billion saham, namun kenyataan itu ditarik balik selepas siasatan mendapati “automatic selling by computer” menjadi suspek utama “1000 point drop”.
Kejadian itu menyebabkan saham2 syarikat Amerika yang berharga USD 15 jatuh sehingga USD 0.01 yang tidak mencerminkan keupayaan syarikat tersebut. Yang untungnya, adalah pelabur2 yang membeli harga seunit saham syarikat tersebut pada harga USD 0.01 selepas itu dan rugi yang ditanggung oleh pembeli saham tersebut pada harga USD 15 sebelum hari kejadian.
1000 point death plunge menyebabkan pelabur2 menyisih diri untuk melabur dalam pasaran saham. Kesan kejadian itu, DJIA masih jatuh lagi dan menyeret semua index2 utama dunia ke arah kejatuhan ekonomi.
Saya sangat menyanjung sekiranya semua negara di dunia mengharamkan “short selling” pada saham yang tidak dipegang oleh pelabur2 seperti di laksanakan oleh negara Jerman. Saya amat berharap tindakan Jerman itu akan disusuli oleh negara2 Eropah, Amerika utara dan selatan serta asia seperti mana penutupan lapangan terbang di Eropah oleh letusan abu gunung berapi Eyjaf…. (Iceland_). Wassallam.
salam tun, saya nak tanya sikit megenai ramalan nilai matawang u.s dollar akan jatuh teruk nanti bila tak tahu lah.dan israel akan mengambil alih dari semuanya nanti.tolong komen sikit tun.terima kasih.
Ayahanda Tun,
ROUSING RINGGIT
Tuesday May 18, 2010
Najib: It shows our fundamentals are strong
By FLORENCE A. SAMY
[email protected]
KUALA LUMPUR: Most Malay-sians welcome a strong currency as it reflects the country’s strong economic fundamentals and a robust recovery, Prime Minister Datuk Seri Najib Tun Razak told international financiers here yesterday.
Dear Tun,
The FED was established in 1917 and 12 yrs down the road the first great depression was successfully manufactured.To the communist this initial collapse is the clear sign of the weaknesses of capitalism and so, time to promote the alternative.Making alliances with other economically deprived nations to challenge the dominating powers,the great war called World War 2 was launched.The USA dropped two atomic bombs on Hiroshima and Nagasaki killing senselessly hundreds of thousands of innocent civilians -and at the same time intimidated the world to concede unanimous victory to them. In this original war to end all wars millions were killed,but the capitalist made tons of money from weapon manufacturing and rebuilding facilities/infrastructures and even whole cities that have been completely destroyed by this fabricated war.This is the only country in the world that can do mass killing of people , causing total destruction of cities and still be the good guys.Anyway-at the end of that cruel yet profitable adventure ,a country call Israel was eventually born.
The FED is now busy manufacturing the second great depression.When this collapse come,it will be made a case for the Islamist against capitalist excesses, and Iran will lead the pack.Forming alliances with other ‘ axis of evil’ nations, and others also suffering economic deprivation,- a great superwar, that much hyped ‘Clash of Civilizations’ will be engineered.The Nuclear warheads have been used before no reason to believe that it will not be used again as they don’t seem to to be any nicer now.Afterall they have the special talent of still looking nice after they have destroyed hundreds of thousands of lives.They’ll be victorious again – and their capitalist after having make tons of money equipping both sides with murderous weapons, and will later make money rebuilding the completely destroyed cities of most , mainly, Middle East. And thru the FED they’ll be busy as usual printing trillions of money to bring the global economy back to the path of capitalistic prosperity once again.
But the dominating country then will not be the USA,but Israel ,a new great Empire that has a land mass covering the whole of The Middle East but with a great influence covering the whole world.Its their plan ,since the setting up of Israel, coming full circle!Only God almighty can foil their plans- so if you are not a fan of Zionism all you can do is pray..hard!
Yes,they are at it again.
Salam ayahanda Tun,
An alternative Islamic economic system rizkonomi vs risk-economy…
Istilah EKONOMI berasal dari perkataan Greek
suggest to read these articles regarding HFT and computerized trading:
http://www.informationclearinghouse.info/article25243.htm
http://www.informationclearinghouse.info/article25303.htm
they somehow correlate with the recent dow jones collapse if you joint the dots. my 2 cents…
p/s: imagine if u can short the stocks in that time… it will be a huge fortune in 1 day!!!
guna sempoa jer tun…:)
senang sikit nak nampak…
Dear Tun Dr M,
Thank you for highlighting one of the worst and costly glitches of today
Dearest Tun,
Actually, the computer program is only used to perform the operations/transactions of buying and selling shares. It is just a TOOL. The trading software/program is written by human beings. In other words it only follows all instructions given/written by human beings. But we can also develop programs that imitate
Dear Tun,
Your 6 paragraphs of explaination are too simplified. And your
countermeasures are absurd.Going by your reasoning we shall banned
everything whenever a problem cropped up.
Assalamualaikum Tun,
doing typical business also cannot guarantee anything, same thing u have explained in the 3rd point, simultaneous buying can pushes price high.. it means.. stock market wealth is created exactly like pyramid scheme, except it has been legalized
in fact.. capitalism probably also reflections of pyramid scheme and trust..nothing more than an imagination.. perhaps thats what makes earth goes around and round..
Syabas tun kerana menulis tentang topik ini. Ada beberapa perkara yg saya perhatikan agak pelik sebelum kejadian ‘flash-crash’ khamis lepas. Beberapa point penting ini membawa kita berfikir – kenapa .. dan apa pula selepas ini?
1. Perhatikan institusi gergasi wall-street yg sebelum ni telah terlungkup dan memerlukan bantuan TARP kerajaan US kini boleh bangkit semula dlm jangka-masa begitu singkat dan untung pula berbillion USD. Kebanyakan institusi ini mengakui – mereka menggunakan HFT – High Frequency Trading – yg menggunakan super-komputer dan di letakkan dalam data-center yg sama dgn superkomputer yg menguruskan perjalanan sistem NYSE.
2. Kebanyakan Institusi kewangan gergasi Wall-street ini telah pun membayar balik wang hutang TARP mereka. baca : http://www.marketwatch.com/story/jp-morgan-goldman-sachs-other-banks-repay-tarp )
3. Secara tidak langsung – mungkin US treasury nampak – HFT ni adalah satu cara utk membantu US keluar dari kemelut hutang ciptaan mereka sendiri.
4. Tidak mustahil – apa yg berlaku baru2 ni.. adalah permulaan kepada sesuatu yg lebih besar? apa kah yg kita patut takut?
5. Serangan ke atas pasaran saham negara lain. Katakanlah Bursa Malaysia – berapa kuat EPF dan institusi lain nak terus bertahan atas serangan HFT ni?
6. Melalui pemerhatian saya di pasaran harian Bursa Malaysia – telah ada trading menggunakan komputer di negara ini. Bukan baru. Jika anda seorang day-trader dan memerhatikan (tracking) pergerakan harga sesuatu kaunter yg tinggi jumlah transaksi (volume)nya – anda akan perasan akan fenomena pelik – ada orang yg sengaja order ‘1’ unit saham.. dalam list transaksi yg berjaya.
Kenapa 1? kenapa tidak 10? 100? amatlah tidak logik sama sekali utk pelabur saham hanya membeli 1 uni saham. Ini sebenarnya adalah machine order *(automated order) – order dari komputer utk menduga apa sentimen pasaran terhadap satu-satu kaunter ini.
Biasanya selepas transaksi 1 unit ini ..kalau jual 1 unit – selepas itu pasaran akan ikut jual..terus kebawah. Dan kalau sebaliknya – transaksi beli 1 unit – pasaran akan ikut membeli dan menolak harga kaunter itu naik begitu tinggi.
7. Adakah Bursa ada mekanisma utk menangani manipulasi ini? setakat ini bursa hanya ada tindakan selepas kejadian – yg dipanggil – UMA (unsual market activity)query – penyiasatan aktiviti tidak normal pada satu2 kaunter. Biasanya UMA berlaku lewat 1 hari. Pada masa UMA berlaku – para pelabut HFT dan sindiket ini telah pun pergi meninggalkan kaunter tersebut.. tinggal lah pelabur dungu yg telah terpedaya dan masuk membeli apa bila nampak tanda kaunter tersebut sedang naik dgn harapan dapat untung sikit lagi dari kenaikan lagi.
8. Bank negara dan Suruhanjaya Sekuriti negara ini patutnya mengikut perkembangan semasa pasaran dan merangka langkah proaktif utk pasaran Bursa malaysia lebih telus dan terhindar dari manipulasi sebegini.
9. Kurangkan segera peratusan urusniaga EPF di pasaran Bursa malaysi ! Pada masa sekarang EPF menguasai lebih 50% urusniaga Bursa KL. Ini sangat tidak sihat. Pelabur asing hanya merangkumi 25% sahaja dari jumlah dagangan keseluruhan. Pada 2008 – pelabur asing merangkumi lebih 40% dari jumlah dagangan di Bursa.
10. Dalam kita risau pelabur luar yg menggunakan HFT ini datang dan serang pasaran saham kita, pastikan adakah EPF dan pelabur institusi malaysia lain tidak menggunakan HFT utk kepentingan mereka. Kalau betul untung dan dividen EPF lebih 10% mungkin orang tidak marah.. , tapi dgn EPF kuasai 50% dagangan harian – pulangan hanya 5% lebih saja.. apakah jenis pelaburan yg di buat oleh EPF ni?
Assalamualaikum Tun.
Saya mengaku yang saya tengah cipta satu program.Iaitu program pembentukan Majlis Syura’ dan saya pernah kata nak sambung menulis lagi berkenaan perkara ini satu masa dulu.
Pada tulisan yang terdahulu saya hanya dapat gambaran asas yang mana orang hisap dadah pun boleh jadi ahli Majlis Syura’.
Tapi macam Tun kata kat atas la, program ini boleh berjalan dengan baik bila hanya beberapa orang terlibat.
Saya terfikirkan dan sedang mengambil tahu pasal Tasawuf ketika ini memandangkan saya pun bukannya pelajar aliran agama dan tidak terdedah langsung pasal ini semua termasuk aliran politik negara.
Sesuatu terjadi pada tahun 2004 dan negara kelihatan hilang arah tujuan pemerintahan walaupun ada Wawasan 2020.Berkemungkinan ia kerana keluarnya ulama’ dari BN ke PAS.
Tapi kelihatan PAS pun tunggang langgang walau di bawah pemerintahan ulama’.Di antara BN dan PAS apa yang kurang sebenarnya?
Pada saya adalah kerana kurangnya penghayatan kepada agama serta dunia dan tiada asas dalaman yang kuat tentang ketuhanan.
Dalam tasawuf semua orang boleh menjadi guru pada diri sendiri.Ingatlah pada Allah walau pun aku tengah merompak,kerana aku yang merompak ni mungkin punya alasan tersendiri kenapa aku merompak.Tapi kalau jumpa polis,sendiri aku mau tanggung la.
Saya akui tasawuf bukanlah dari serpihan mazhab atau terbentuk dari agama selain Islam seperti kata Pak Sheikh (saya boleh cap jari kanan tentang ini).
Kadangkala tasawuf disalah ertikan kerana dimomokkan dengan cerita tak masuk akal (tapi orang Melayu lazimnya mudah dibangkitkan auranya bila mendengar cerita-cerita sebegini).
Ada orang mengaku bahawa guru dia adalah Tok Pulau Manis yang dihidupkan semula tapi gunakan nama lain.Saya tak tahu pasal ni,tapi ada orang kata boleh nak ‘scan’ saya bila saya terangkan pasal sejarah kampung saya di Terengganu.Saya fikir kalau dia nak ‘scan’, scan jelah…kasyaf la katakan (antara perkataan yang disalahtafsirkan).
Bila cerita bab sembahyang adalah pantang sekali.Kata dia tak payah sembahyang pun takpe.Saya tahu yang tak sembahyang pun takpe…tapi kalau tak nak sembahyang pun,sendiri tanggung la tapi jangan nak ajar orang tak payah sembahyang pulak.
Program-program yang merosakkan ini patut diharamkan oleh kerajaan.Program yang tak patut dinilai dengan untung dan ruginya.
Kita bagus kerana banyaknya amal pada Allah s.w.t,tapi bagusnya amalan kita bukanlah kerana kita beramal,tapi kerana Allah s.w.t jua.
Yang penting saya dah dapat baca Al-Hikam Sheikh Athoillah r.a walaupun tak habis.
Terimak kasih Tun.
Tun,
To: Wok & Ms Virginia Lim
Why :
Many us here failed to or just refused to acknowledge Tun
Salam YAB Tun,
Untuk menarik minat pelabur Islam kepada pasaran saham apa yang perlu mereka buat ialah dengan memperkenalkan Dow Jones Islamic Market (DJIM) atau Dow Jones Islamic Fund (IMANX) dan juga syariah compliant Hedge Funds dan berbagai-bagai produk lagi.
Lepas itu cari 5 atau 6 orang syariah scholars dari serata dunia yang dapat memberi sokongan dan berpengaruh untuk menghalalkan produk tersebut.
Walaupun DJIM atau IMANX telah menapis serta mengenalpasti aktiviti syarikat-syarikat tersebut terlebih dahulu mengikut kehendak hukum syariah, tetapi perdagangan yang melibatkan masa akan datang tetap sesuatu yang meragukan dan tidak pasti maka masih boleh dianggap sebagai riba.
Truth does not need to conform to the majority to be truth. We are here on this planet to serve God and walk in His path, and not to serve our own agendas and our own egos.
What will count is not how much wealth we accumulate or how powerful we become, but how we use that wealth to help others and how we use our power and position to help mankind towards betterment.
Wassalam.
Dear Tun,
Gambling must be forbidden but Trading must be encouraged.
Gambling has more downside than upside. It is a very risky venture. An activity that does not have any real social or personal benefit.
At the personal level more families and lifes have been damaged by gambling that for those that benefit from it. For one – in a lottery we can see the probability of winners against losers are stacked against the former. Worst we all know that gambiling can be addictive – similar to alcoholism, drug addiction, substance abuse addition.
When that gambling addiction is brought into the trading market the effect of this gambiling problem will have far more serious repercussions to the community, country and as we can see now the world financial system..affecting millions of people who don’t even gamble!!!
Keep gambling to the casinos, race courses and authorised lotteries…if only to allow people who see gambling as their right and culture and also to give them the little exitement they need to live their lives.
BUT KEEP GAMBLING OUT OF THE FREE MARKET TRADING.
Salam Tun.Pada pendapat saya , stock market is for smart people saja.Mereka ni tahu when to enter and when to exit.Saya pernah mengikuti kursus tentang Stock market ni.Kalau kita ikuti kursus, kita akan spontan rasa excited dan rasa seolah-olah kita ni dah pandai.Tapi bila kita mula berkecimpung barulah kita sedar , bukan mudah sebenarnya.Kita kena alert senantiasa.Kalau tidak Kita akan burn our finger ( istillah dalam permainan saham )Silap-silap burn semua sekali, haru dibuatnya.
Katanya pilihlah saham yang fundementalnya bagus.Tapi sepanjang yang saya tahu ( mungkin sebab ilmu tak banyak) saya tak lah jumpa lagi share yang fundemental bagus.kalau main share dok sepok duit , tak bawa untung cepat buat apa.Baik buat business kecil-kecil,tambah jugalah duit tu dari ambil risiko yang agak besar.
Saya ingat istillah dan statement yang sering diperkatakan dalam kursus saham masa saya attend dulu.Be smart.Let your profit run , cut your lost.Kadang-kadang tak sempat.Itulah timbul pula satu istillah lagi ” The bull make money , the bear make money but unlucky for the pig that get slaughtered.So berhati -hati .
Jangan Tamak , tapi kalau ada peluang buat duit sapa tak mau Tun, dari kita dok merangkak bewak dapat untung ciput apa salahnya cuba nasib.tapi bukan semua orang dilahirkan untuk dapat duit cara mudah kot.
Komputer tak salah , stock market tak salah , rasa-rasa kitalah yang kena pandai buat pilihan.
Secanggih manapun kemudahan yang ada , manusia tetap akan manupulasi.
Bak kata pepatah Cuba nasib tak salah, ” UNTUNG SABUT TIMBUL , UNTUNG BATU TENGGELAM”Pilihan ditangan kita.
Assalamualaikum.
Secara umum pasaran saham tidak mencipta nilai tambah kepada pertumbuhan ekonomi Negara, namum jika kita lihat secara lebih komprehensif ianya adalah pemangkin pertumbuhan ekonomi Negara.
Syarikat yang tersenarai biasanya akan mendapat modal tambahan melalui penyenaraian di bursa saham. Ini akan membantu syarikat tersebut berkembang dan seterusnya meningkatkan ekonomi Negara. Sepanjang pengetahuan saya hanya penyenaraian Maxis di Malaysia sahaja yang tidak menambahkan modal kepada syarikat.
Urusniaga di pasaran saham amat perlu kerana di sini para pelabur boleh mencairkan pelaburan mereka dan pelabur baru berpeluang menyertai pasaran. Urusniaga ini juga menyumbangkan hasil kepada kerajaan dalam bentuk duti setem.
Bukanlah pasaran saham yang tidak bermanfaat kepada ekonomi Negara tetapi para pemainnya yang biasanya amat tamak dan tidak beretika. Kebanyakan mereka tidak pedulikan peraturan dan undang-undang kerana objektif utamanya adalah untung (tujuan menghalalkan cara).
Melabur di pasaran saham adalah urusan membeli atau menjual syarikat. Pemain individu biasanya tidak mahir menganalisa asas syarikat yang mereka labur. Mereka hanyalah pengikut yang kurang ilmu menyebabkan aktiviti mereka hampir kepada perjudian tetapi melabur di pasaran saham bukanlah perjudian.
Ini hanyalah pendapat dan pandangan saya, mungkin banyak yang tidak betul maka maafkanlah saya atas kedaifan ini.
Good morning Ayahanda Tun,
Dow Jones as explained by wikipedia…………..;
Dow Jones Industrial Average
From Wikipedia, the free encyclopedia that anyone can edit
Jump to: navigation, search
Recent logarithmic graph of the DJIA from Jan 2000 through Oct 2009.
Historical logarithmic graph of the DJIA from the 1890s to the 2010s.The Dow Jones Industrial Average, also referred to as the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is one of several stock market indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. The average is named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large, publicly owned companies based in the United States have traded during a standard trading session in the stock market.[1] It is the second oldest U.S. market index after the Dow Jones Transportation Average, which Dow also created.
The Industrial portion of the name is largely historical, as many of the modern 30 components have little or nothing to do with traditional heavy industry. The average is price-weighted, and to compensate for the effects of stock splits and other adjustments, it is currently a scaled average. The value of the Dow is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index.
Along with the NASDAQ Composite, the S&P 500 Index, and the Russell 2000 Index, the Dow is among the most closely-watched benchmark indices tracking targeted stock market activity. Although Dow compiled the index to gauge the performance of the industrial sector within the American economy, the index’s performance continues to be influenced by not only corporate and economic reports, but also by domestic and foreign political events such as war and terrorism, as well as by natural disasters that could potentially lead to economic harm. Components of the Dow trade on both the NASDAQ OMX and the NYSE Euronext, two of the largest stock market companies. Derivatives of the Dow trade on the Chicago Board Options Exchange and through CME Group, the world’s largest futures exchange company. Currently, the CME Group has signed a deal with Dow Jones to acquire 90% of the latter firm’s indexing business, including the Dow Jones Industrial Average.[2][3]
Components: [edit] Components
The Dow Jones Industrial Average consists of the following 30 companies:[4]
Company Symbol Industry Date Added
1. 3M MMM Conglomerate 1976-08-09 1976-08-09 (as Minnesota Mining and Manufacturing)
2. Alcoa AA Aluminum 1959-06-01 1959-06-01 (as Aluminum Company of America)
3. American Express AXP Consumer finance 1982-08-30 1982-08-30
4. AT&T T Telecommunication 1999-11-01 1999-11-01 (as SBC Communications)
5. Bank of America BAC Banking 2008-02-19 2008-02-19
6. Boeing BA Aerospace and defense 1987-03-12 1987-03-12
7. Caterpillar CAT Construction and mining equipment 1991-05-06 1991-05-06
8. Chevron Corporation CVX Oil & gas 2008-02-19 2008-02-19
9. Cisco Systems CSCO Computer networking 2009-06-08 2009-06-08
10. Coca-Cola KO Beverages 1987-03-12 1987-03-12
11.DuPont DD Chemical industry 1935-11-20 1935-11-20 (also 1924-01-22 to 1925-08-31)
12.ExxonMobil XOM Oil & gas 1928-10-01 1928-10-01 (as Standard Oil)
13.General Electric GE Conglomerate 1907-11-07 1907-11-07
14.Hewlett-Packard HPQ Technology 1997-03-17 1997-03-17
15.The Home Depot HD Home improvement retailer 1999-11-01 1999-11-01
16.Intel INTC Semiconductors 1999-11-01 1999-11-01
17.IBM IBM Computers and technology 1979-06-29 1979-06-29
18.Johnson & Johnson JNJ Pharmaceuticals 1997-03-17 1997-03-17
19.JPMorgan Chase JPM Banking 1991-05-06 1991-05-06 (as J.P. Morgan & Company)
20.Kraft Foods KFT Food processing 2008-09-22 2008-09-22
21.McDonald’s MCD Fast food 1985-10-30 1985-10-30
22.Merck MRK Pharmaceuticals 1979-06-29 1979-06-29
23.Microsoft MSFT Software 1999-11-01 1999-11-01
24.Pfizer PFE Pharmaceuticals 2004-04-08 2004-04-08
25.Procter & Gamble PG Consumer goods 1932-05-26 1932-05-26
26.Travelers TRV Insurance 2009-06-08 2009-06-08
27.United Technologies Corporation UTX Conglomerate 1939-03-14 1939-03-14 (as United Aircraft)
28.Verizon Communications VZ Telecommunication 2004-04-08 2004-04-08
29.Wal-Mart WMT Retail 1997-03-17 1997-03-17
30.Walt Disney DIS Broadcasting and entertainment 1991-05-06 1991-05-06
Comment:
When BN wins Sibu by-election, I predict PM Najib will stick to his original plan to meet Hsien Loong by end the of May as planned, or in early June due to Sibu by-elections. Asian share markets down, KLCI was up yesterday, and our RM has appreciated 15% averagely for the 1st quarter. This explained why thestar online posted this opinion;
//Published: Thursday April 29, 2010 MYT 8:29:00 AM
Obama wants to sign a financial overhaul bill ‘very soon’
ABOARD AIR FORCE ONE: President Barack Obama says the regulatory package he wants to see become law would allow financial institutions to make money the old-fashioned way – lending to companies to build businesses and create jobs.
Republicans on Wednesday gave up their latest effort to block Democratic legislation aimed at putting tough new controls on Wall Street.
It’s now likely that Congress will pass landmark changes in how the nation’s financial system is regulated.
Obama tells reporters returning with him on Air Force One after a trip to the Midwest that he hopes the Senate can pass a bill quickly so that he can sign a bill into law “very soon.”
**Obama says Wall Street reform shouldn’t be a partisan issue because everyone has been hurt by the financial meltdown. – AP//
NOTE**: This was an advice for Malaysians and Singaporeans from thestar not to politicise KL & Singapore share markets as partisan issues since everyone has been hurt due to financial meltdown, hence everyone requires to absorp losses, and this is why Sarawak is BN’s Fixed Deposit.
Enjoy reading and take care Ayahanda Tun, and I fully support Tun Dr M to attend GERTAK 13 Mei to prove to 1 Malaysians that GERTAK can be re-organised as NGOs to softer the hatred incurred in May 13 worst riot, just like modern Nanking city which was massacred by Japanese during WW2.
An interesting conspiracy theory…..
High Frequency Terrorism: How the Big Banks and Federal Reserve Maintained Their Death Grip Over the United States
In the aftermath of Goldman Sachs
Tun
Your sons would be the right persons to enlighten us ‘ignorant’ citizen afterall they have stolen and cheated the country of billions with your blessings.
Explain that Tun
Salam Tun,
Salam too to all of those who have commented and it seems obvious that many are not only IT illiterate, but just plain silly. It seems to me as a very lame and narrow minded posting by Tun this time around. For anyone to completely automate the buying and selling of shares seems rather oblivious and quite unbelievable. Not that computers cannot be programmed to do just that, they can. But for someone, anyone to actually use it would be foolish and I do not think that anyone does, at least not the way Tun is implying in this posting. It just goes to show how gullible and blinded so many Malaysians are. When Tun say’s jump, they ask, how high?
Salaam kasih dan hormat Tun Che Det
Your article is ‘SPOT ON’!!!…CONGRATULATIONS Tun!!
I don’t play the stock market. I don’t trust it. It’s more like gambling to me. I don’t gamble…I don’t have the LUCK..*wink*
I do have friends who play the stock market. Thru observations..i see them in constant stress and the way they talk about the market, they are full of hope. False hope? I don’t know. I’m not in their shoes but that’s the way i see it. FALSE HOPE
I would prefer to earn my living with my God given talents and my pair of hands. It’s secure and i know my limitations. Futhermore.. I’m in control of situation.
The stock market is another form of RIBA’ (usury) and my religion doesn’t permit it.
Take care Tun..wishing you the best of health. Semoga dipanjangkan umur.
WasSalaam
ZanMahir
Melaka..
http://www.boycottisraelnow.com
http://www.criminalisewar.org
http://www.perdana4peace.org
http://www.pribumiperkasa.com
Al Salmu Alaykum Dear Dr. Tun Mahathir,
As usual, your timing is impeccable and your comments are insightful. I wish more people would listen to you and learn from you instead of criticizing someone of your knowledge and caliber.
With your permission I will vent in three parts my views on the greatest scam of all time: The stock market
Memang benar kata Tun.
Keadaan Pasaran saham kebelakangan ini dilihat tidak menentu, seperti ada tangan ghaib yang mengawalnya. Saya dan beberapa orang rakan yang agak aktif dalam pasaran saham memerhatikan sentiment pasaran yang tidak menentu ini seperti ada tangan ghaib yang mencaturkannya.
Seorang Remaiser memberitahu bahawa kenaikan yang berlaku di setiap Kaunter pilihan (biasanya kaunter harga murah) adalah tidak menggambarkan keadaan perniagaan dan prestasi syarikat itu yang sebenar.
Kenaikan berlaku kerana oleh satu system(software) yang dilakukan & dikendalikan oleh beberapa Operator & Fund Manager. Sebagai contoh, apabila beberapa kaunter telah dipilih untuk dinaikkan harganya oleh mereka pada hari tersebut; Operators ini memainkan peranan mereka supaya jual beli saham kelihatan rancak; tetapi sebenarnya berlaku dikalangan mereka sendiri(Operators).
Apabila pelabur sebenar(pelabur tulin terdiri dari pelabur-pelabur kecil) masuk kedalam pasaran untuk membeli kaunter tersebut; mereka(operators) akan mengetahuinya melalui system tersebut.
Sudah pastilah apabila semakin ramai pelabur kecil masuk; nilai saham itu semakin meningkat. Apabila harga saham sudah meningkat sampai pada peringkat tertinggi, arahan jual serta-merta dilakukan oleh Operators-operators tersebut dimana mereka mengaut keuntungan.
Akibatnya harga menjunam terlalu laju dan pelabur kecil yang tidak mahir dan yang mengharapkan harganya meningkat lagi pada ke esokan harinya telah mengalami kerugian pada hari yang sama.
Harga terus menjunam lagi pada ke esokan harinya dan menyebabkan berlaku kerugian berganda kepada pelabur-pelabur kecil tersebut dan terpaksa disimpan.
Yang anehnya kaunter tersebut terus tidak akan aktif lagi walaupun pelabur sebenar itu telah menunggu entah berapa lama. Dan bertambah aneh lagi apabila pelabur-pelabur sebenar (yang telah menunggu agak lama itu) menjual semua saham yang dipegangnya pada harga terendah, maka kelihatannya kaunter tersebut aktif semula dan harga meningkat pula.
Disini kelihatan seolah-olah berlaku sentimen tidak sihat dan tidak telus belaku dalam pasaran saham BSKL yang mungkin tidak disedari.
Mungkin bebera alasan boleh diberikan dengan mengatakan bahawa kejatuhan ada hubungkait dengan sentiment luar Negara(Dow Jones dan pasaran Asia lainnya). Tetapi dalam keadaan tertentu contoh seperti diatas sepatutnya tidak berlaku.
Saranan Tun itu amat tepat sekali agar pasaran saham tidak mudah dimanupulasikan oleh orang dan golongan tertentu sahaja untuk mengaut keuntungan.
Salam Tun Dr. M
Saya dah lama terlibat dgn urusniaga saham d KLSE sejak 20 th yg lalu. Dah banyak pengajaran yg saya perolehi. Adakala untung adakala rugi. Pokok pangkalnya kita jgn tamak, mesti pandai buat analisis pergerakan saham semasa. Mesti faham apa itu fundemental dan spekulasi. Jadi saya mengatur strategi membeli saham2 GLC sahaja sprti Tenaga dan Maybank. Beli waktu harga jatuh tahun lepas. Sayang sekali modal saya sikit saja. Tak dapat beli banyak seperti institusi besar. Tapi sekarang harganya dah pun meningkat sekali ganda berbanding semasa sy beli. Apapun saya bercadang untuk membeli ketika harga saham merudum nanti. Kita mesti melawan arus, ketika harga mula melambung ramai yg akan membeli dgn beranggapan harga akan terus naik, tp masa inilah kita menjualnya.
To me I don’t blame the system, but blame those investors who are geedy and treat the stock market like a casino.
Assalamualaikum W.Wb.
Dearest Tun,
Dow Jones or Stock Exchange is the same and is just another Casino. It is just another form of a Gambling Den. It is the ideology and technology of the west that started all this and it is done with a mission to conquer the world through economic means. Very often we know but what make it worst is when we pretend not to know.
I am called to highlight that Gambling in any form is probihited in Islam. The reason is very simple. It is not going to be good to the gambler as well as to the community at large. As a Muslim I am discharging my duty by reiterating that stock exchange is a Gambling Den. For that matter through this blog I am calling on to the Government of Malaysia to close down the Stock Exchange and the Casino. Like it or not they will be answerable to Allah if they do not heed my call. Remember that Life is Short. May be in a shortwhile, today or tomorrow or some other time when the time come we will be called back to Allah, the creator.
In the old days people buy shares with good intention to do investment and it is real investment. Before the buyer bought the shares they will scrutinise the financial records and background of the company that they want to invest. Unlike today most people just buy shares base on speculation and just to speculate with the hope to make fast money.
Capital investment in stock exchange is not real investment. It is just paper investment. It does not do much good to the country as it does not contribute to real productivity. Many people lost their money compared to those that make profit. Some have gone bankrupt while some of them the losses may have caused their death. To an extreme some may have committed suicide after their losses.
Hopefully our government will realise and reconsider about closing down the Stock Exchange and all forms of gambling avenues and to channel the available capital investment into more productive activity.
Finally may Allah blessed Tun and your family and always in good health.
Wassalam.
Johor Bahru,
11th May 2010.
Ybh Tun,
Stock market boleh menyebabkan seseorang kaya sekelip mata dan boleh juga memiskinkan seseorang sekelip mata. Perjudian saham melalui program komputer bukan sahaja harus di haramkan tetapi ia haram dariapada pandangan agama kalau tak silap saya.
Malaysia adalah negara contoh Islam, tunjukanlah contoh-contoh Islam sederhana dalam apa juga perkara.
Ybhg Tun, apa yang merisaukan saya dan mungkin jutaan lagi umat Islam di bumi Malaysia ini adalah tanda perpecahan orang Islam di Malaysia yang jelas kelihatan. Perpecahan ini jika berterusan sehingga ke PRU13 berkemungkinan besar kita terpaksa berhadapan dengan bencana yang amat besar. Kesannya bukan sahaja kepada orang islam dan bumiputera bukan Islam tetapi kepada seluruh rakyat Malaysia tanpa mengira kaum dan faham agama serta politik.
oleh itu saya berpendapat jangan ambil entang keputusan PRU13 nanti.
There is no perfect system. The procedures of any transaction are opened to loop-holes and any maneuvers can be made without it becoming illegal. All these can be manipulated within the legal limits, thus nothing can be done to prevent the panic in the share markets to recur. Moreover, everyone is trying to make quick money.
It is the same in politics, legal and any other systems.
The judiciary in Malaysia has been destroyed and the destruction that had been done on the Malaysian Judiciary is irreversible. Now look, many judges can be bought and court proceedings can be staged.
Al Salamu Alaykum Tun Dr. Mahathir;
This is the shocking second part that details issues concerning every investor around the world, yet few ever know about its contents.
Al Salmu Alaykum Dear Dr. Tun Mahathir,
As usual, your timing is impeccable and your comments are insightful. I wish more people would listen to you and learn from you instead of criticizing someone of your knowledge and caliber.
With your permission I will vent in three parts my views on the greatest scam of all time: The stock market The first two parts are great articles i have read recently, the last is my own conclusions and observations on Wall Street in General.
……..
US is a very smart nation. USA is not going down and will never be going down even with a mammoth outstanding USD 700 billion deficit. If there is a chance they will go down, USA will pull everybody and everyone into the hole. China and Japan will be the most affected countries. While China may have billions US currency and positive trade balance in their backyard, it will come to no point at all if US economic become no value. So China and Japan must to re-invest the savings into US account back. Then everything become normal.
The Dow Jones is go down to just make look-like the US stocks become so cheap and vulnerable. It will attract more domestic or most likely foreign investors to come in. One they already come in and already in the system, US government will use all of it policies to re-take the control. Actually it is a trap, the trap that everybody must go in together.
Assalamualaikum.
Internet trading ataupun online trading membolehkan para pelabur membuat keputusan sendiri tanpa melalui wakil peniaga saham yang berlesen. Mereka menjalankan urusniaga dengan dibantu oleh sistem komputer yang telah diprogramkan. Margin keuntungan dan kerugian telah diprogramkan dan urusniaga akan berlaku secara otomatik.
Setiap perkara umumnya ada baik dan buruknya, kitalah yang perlu menilai kebaikan dan keburukan itu. Begitulah sistem komputer yang diprogramkan ini, kebaikannya ada pada penggunanya namun keburukannya ada pada masyarakat umum. Dalam perkara ini kelansungan individu lebih penting dari kelangsungan umum, maka ianya diterima pakai oleh ramai pelabur. Untuk mengharamkannya mungkin menghalang pelabur kecil daripada mengawal risiko kerugian dan mengambil keuntungan sewaktu meneruskan aktiviti harian mereka. Pasaran saham biasanya didominasi oleh pelabur besar ataupun institusi, merekalah menyebabkan pasaran turun naik dengan mendadak sedangkan pelabur kecil hanyalah pengikut. Penguasaan mereka inilah yang perlu diawasi oleh pihak berkuasa.
Saya mohon maaf andai tulisan saya ini meyimpang daripada maksud Tun, kerana saya bukanlah pakar dalam pasaran saham dan juga komputer. Cuma inilah pandangan saya berdasarkan pengetahuan cetek saya.
Tun,
Tumpang lalu;
To: Ms Virginia Lim (“By v.lim on May 10, 2010 6:58 PM”)
1. Your comment is indeed a refreshing one!
2. Unfortunately, many us here failed to or just refused to acknowledge Tun
The computer may indictate a ‘sell’ but is does not force you to do it. Stock market is generally about patience and it is usually the patient ones who gain from the negative sentiments of the market makers.
SALAM BUAT TUN BERDUA MOGA DIRAHMATI ALLAH S.W.T
1) SALAH SATU RESIKO DALAM BURSA SAHAM IALAH KHABAR ANGIN. ITULAH YANG KITA FAHAM DALAM BAHASA MALAYSIA KITA DI ERTIKAN DARI BAHASA MAT SALLEH (SPECULATION).
2) SELALUNYA KHABAR ANGIN LEBIH DALAM ERTINYA IAITU PERKARA YANG TIDAK BETUL ATAU BOHONG. ORANG YANG MELABOR ITU MEMANG MEMBACA BUKU-BUKU YANG DITULIS OLEH PAKAR-PAKAR OLEH BEKAS-BEKAS MEREKA YANG TERLIBAT MENGENDALI PELABORAN INI.
7) MEREKA TELAH DINASIHATI AGAR JANGAN TERPENGAROH DENGAN KHABAR ANGIN TERUTAMA MELIBATKAN PENJUALAN DALAM JUMLAH YANG BANYAK SETERUSNYA AKAN MENURUNKAN INDEK PENUNJUK.
8) MALANGNYA PELABORAN INI TIADA TAPISAN MALAH SESIAPA SAHAJA BOLEH MENYERTAINYA MALAH KITA TIDAK AKAN MENGETAHUI DARI MANA SUMBER KEWANGANNYA SAMAADA HALAL ATAU HARAM.
9) BILA TUN KATA TUN TIDAK BERMAIN SAHAM BEGINI MAKA TERKEJUT JUGA RIMBA EMAS YANG SUDAH TENTU MENCERMINKAN BURSA SAHAM DIASASKAN OLEH TUAN-TUAN PUNYA SYARIKAT-SYARIKAT ATAU BADAN SEKURITI SAHAM ANTARABANGSA YANG TELAH MENULAR KESETIAP NEGARA.
10) BADAN SEKURITI SAHAM INI TELAH MELANGGARI ATAU MENCIPTA BERBAGAI-BAGAI KAEDAH YANG BERLAWANAN SAMA SEKALI DENGAN KEHENDAK ALLAH S.W.T. MALAH KEBEBASAN INI MUDAH DILOLOSI OLEH INDIVIDU-INDIVIDU SEPERTI SOROS DAN PENYANGGAK-PENYANGGAK MATA WANG YANG LAIN.
11) BUKAN SAHAJA PROGRAM KOMPUTER SEPERTI TUN KATAKAN INI WAJIB DIHARAMKAN MALAH BURSA SAHAM INI PUN PERLU KITA PANTAU SERTA ADAKAN AKTA SUPAYA TIDAK TERLALU BEBAS ATAU MENGIKUT BURSA NEGARA BARAT.
12) BAGI RAKAN KITA BANGSA CINA DAN INDIA PERLU TAHU SISTEM ISLAM YANG KITA TERAPKAN BUKAN UNTUK “MEMAKSA” MEREKA MEMELUK AGAMA ISLAM TETAPI MEREKA DIBERI PELUANG UNTUK MERENUNGI SEPERTI KITA UMAT ISLAM YANG LAIN BAHAWA ADALAH JALAN SELAMAT UNTUK KEHIDUPAN MANUSIA.
13) UMAT ISLAM SENDIRI PERLU TAHU BAHAWA TIADA PAKSAAN UNTUK MENERIMA ISLAM CUMA KITA DIMINTA MENYAMPAIKAN KATA-KATA ALLAH S.W.T DAN SOAL KETERBUKAAN HATI MEREKA KEMUDIAN HANYALAH TERLETAK KEPADA KEHENDAK ALLAH S.W.T.
14) GOLONGAN YANG MENYERTAI PALABORAN INI YANG KAYA-RAYA DARI HASIL SAHAM INI JUGA DIDAPATI MEMBUAT PELABORAN KEPADA UNSUR-UNSUR HIBURAN CIPTAAN DUNIA SEPERTI GOLONGAN INDIVIDU-INDIVIDU PEMAIN SUKAN SEPERTI BOLA SEPAK DAN DUNIA ARTIS YANG DIJADIKAN EDOLA KEGILAAN ANAK MUDA SERTA TIDAK SEIMBANG DENGAN APA YANG DIPEROLEHI ALAM PEKERJAAN LAIN.
15) SEMUA INI MENYEBABKAN BERLAKUNYA JARAK TARAF PENDAPATAN ANTARA SESUATU BIDANG DAN CARA GOLONGAN YANG MENERIMA PENDAPATAN YANG TINGGI ITU MEMBELANJAKAN KEARAH YANG MANA CONTOH SEORANG PEMAIN BOLA SEPAK ATAU GOLF ITU KEARAH PELACURAN DAN PERJUDIAN ATAU MINUMAN KERAS.
16) SEMUA INI SUDAH MENDAPAT PETUNJUK DI NEGARA SEPERTI GREES, ITALY, SEPANYOL DAN MENJALAR KE NEGARA YANG MEMBELANJA BERLEBIHAN DALAM INDUSTRI YANG TIDAK BERKEMBANG UNTUK SEMUA PENDUDUK.
WALLAHU’ALAM
Salam Tokdet,
I am the accountant and I have been observing the capital market for years. This what I’ve understood.
Trading stock, shares, contracts or whatever capitals we may have could actually make sense if it was made based on the concept of an investment. It was supposed to be a decent profit-sharing ventures between businessman who are short of funds and the public who are seeking more lucrative dividends than the FD.
Then there this term called ‘capital gain’. The investor found out that by selling the ‘share’ they have bought earlier is even more lucrative than the tiny dividend declared every year by the company they have invested. Surely people will prone towards capital gain than the dividend except for strong counter which manage to yield handsome dividend every year.
To inflate the price of the ‘share’ they have bought earlier they need to increase the demand for the share. Then there this speculation. People speculate things to influence the price. For all we know majority of the stock market players did want to fool others thorugh speculation in order to infalate the price. So maybe whoever bought the highest price could be the greatest fool…
If we continue to play this cheap trick, it will eventually deviate away from the objective of an investment. People are gambling more than doing business. To the effect that they have spoiled the arena of capital trading into a casino.
If the software is programmed just to enhance speculation i am of the opinion that it should be banned. But if it provides fundamental analysis to make decision on the investment it might be ok.
To ensure a healthy financial market is to go back into the fundamentals. Otherwise what you found today might be just the beginning of the collapse of the financial system altogether…
1) Stock market is a non value added activity. The intent of stock marketing being a platform of investment has been reduced to just mere trading exercise. There is a need to eliminate the trading element of the stock market.
2) Since every IPO has been vetted by Bursa for profitability, viable business and market accepted products and services. There is no reason why we need to trade instead of we should be investing. We reap our return from company performances instead of speculation and programmed trading. I call for “holding period” of more than 1 year to encourage investment instead of mere trading.
3) With the implementation of “holding period”, the computer programmed selling will be rendered REDUNDANT automatically. There is no need to ban, BETUL KAH?
4) With the implementation of “holding period”, there will also be short term and long term price stability. The up and down of the share prices will be eliminated. This is a win for everyone.
5) With the implementation of “holding period”, there is lesser need to spend $millions setting up infrastructure either by BURSA or Stock broking firms. That is a lot of money saved!!!
6) With the implementation of “holding period”, there is lesser need for more human resources (sellers, buyers, stock brokers, Bursa etc) in the STOCK MARKET. Hence the resources can be freed up to generate tangible and services for the country. This is another win for the country.
7) We have seen negative aspect of this non-value added, non-tangible economic activities, all of you know as well as I do what are these activities. Stock trading included.
8) This is just my 5 cents worth. Hope our beloved and honorable TUN can comment whether there is a better idea to generate REAL and TANGIBLE an economic activity instead of mere non-value added stock trading!
9) This is a start for change….There is a need to break away from the NORM of stock trading….I do hope our beloved and honorable TUN will lead the change!
Tun,
Like a car, it doesnt crash if the driver is competent. It is all back to human. And human makes error!
Ayahanda Tun,
May I…..,
By leading on May 10, 2010 5:57 PM
Dear Mr leading,
There is one laughable advice from Mr Wong Chi Wah, Hongkong Talk Show Comedian…..
He adviced…..,
You can eat as much as possible for paid buffet lunch or dinner, make sure you never score high as copy cat…..
Take care and best of luck, and whether this joke is an advice, or not, will depend on how Mr leading is perceiving it.
That’s all for today, Ayahanda Tun due to heavy work load for within this week.
Ayahanda Tun,
1. Due to global democracy, human nature, chedet’s blogger Mr dpp’s one human race assumption of healthy vs sick competitions, human intelligent, all computer softwares and global online internets are designed as “more and more user friendly” as times move on…..whereby with ‘clicks within seconds’ on keyboards, human beings are able to act on what they perceived is righteous and healthy.
2. Hence, stocks, commodities and forex softwares are designed to encourage more investments base on global players’ qualifications, experiences, capablities, interactions and social networkings.
3. These global players consist of constitutional players, retail investment players, bankers, investment banks and ikan bilis players….. They are highly skilled professionals who have gone through all financial crises which caused by speculations and manipulations since World War II.
4. Due to EU bailouts on Greece and negative formal and informal interactions, experienced predictions and raw assumptions without borders, Dow Jones plunged 1,000 points.
5. When Dow Jones plunged horribly due to selling pressures base on fear and greed theory, some global players may see this as an opportunity as the right time to buy these under value stock caused by instant panic factors. This is why prominent global investor, Mr Warren Buffet came out with his experienced predictions base on bull and bear stock market with and without measures…
Be Greedy when others are Fearful,
Be Fearful When others are Greedy.
6. Mr Obama sees the Dow Jones’ plunge as an irregularly stock trading on that day, he told the global investors that he will get an independent body to investigate why such irregular activity occurred that day.
7. PM Najib knows how KLCI, Singapore and Asian stock markets work politically and economically.
8. Ayahanda Tun, base on PM Najib’s experiences and know how on the rationale why and how our 4th PM, YAB Dr Mahathir Mohamad, dealt with with the ’97 crisis, PM Najib will be able to pull Malaysia Economy out from recession
Good day and enjoy yourself, Ayahanda Tun.
How i wish i could meet you someday Tun.
Ill be your second self, i hope the better one for Malaysians & islam.
Amen.
Tun says: “The program can work if only a few players make use of it. But when the program is available to tens of thousands, then their concerted programmed buying and selling will surely affect the market.”
I think it all depends on what criteria are used by the program to make a decision. Even so, I don’t think people like Warren Buffet and George Soros will use it to make decisions on their behalf. If anything, they may use it to decide how other people will behave and then make their own decisions which may be the exact opposite of what the program comes out with.
1.this is an effort to collapse the american economy and dollar.
2.sooner or later the usd value will drop and drag together all currency in the world.
3.then the money system no more acceptable.
4.money will switch to card system,so the ambition towards 1 new world government,new world order can be achieve.
5.all people around the world will become dependent to the new system.
6.please search the history of how the federal reserve formed by the j e w s.
YABhg. Tun Yg Dikasihi,
2 years ago, I bought some amount of Iraqi Dinar. If it is revalued to say 10% of its value @ 1991 (during which the UN had imposed economic sanction against Iraq), and if I deposited it in Tabung Haji, I think I can plan for early retirement.
YABhg. Tun Yg Dikasihi, what is your opinion about my investment?
Dear Tun, all that I think I know about the Dow Jones is that at the moment the US government is frantically trying to push it up by injecting more of the borrowed money into the stock market so that confidence can return to the US economy.But the state of their economy is no longer a secret,that their payment of interest on their debts alone is USD250 billion per year.That the only way for them to get out of their rut is to print more even money and increasing their debt-how could confidence ever return?.So in this state of uncertainty the moment there is a sudden massive fall in the Dow Jones due to those activities you’ve mentioned,somebody who have invested big money in the jacking up process of the Dow Jones may panicked-and make even more massive selling- contributing in the end to the total collapse of the stock market and consequently ,the US economy.Could this be how it will end for the world’s biggest economy? By the way just like to share with you something interesting about this book I saw at the Borders yesterday.Its titled “50 Tokoh Islam Yang Telah Mengubah Dunia” written by Ahmad Amri Zainal Abidin and Norasyikin Ahmad-the book mentioned names like Ayatollah Khomeini and Ahmedenijad at the international level, Haron Din ,Nik Aziz and Anwar Ibrahim , some of the names at the national level.But as for the only person who have ever succeeded in outplaying the West and kept Malaysia sovereign during the economic crisis-your goodself,has conveniently been excluded!You’re not hurt are you?Take care.
haha,
Can’t wait to show this to some fellow programmers who created software to play the stocks. Now they know even the old man disproves and can proves its evil folly.
But what to do. People want to be rich quickly. They work hard to gamble. But to my Chinese clans such greed is not evil.
Salam Tun.
During ’97 Asian depression, Tun told Anwar not to allow banks to ‘loan’ the share scripts to Soros & gang. But being the Finance Minister he has power to ignore Tun’s words. Thus Anwar’s hedge fund friends borrowed millions of blue chip scripts from our banks against US$trillions cash they put up as collateral, then immediately started selling them in the open market. Any resistance by our local institutions quickly evaporated because Anwar’s hedge fund friends came back with further US$trillions as more collateral to borrow scripts from our banks, which Anwar encouraged in order to humiliate Tun’s leadership.
What followed was total catastrophe for our stock market: THE BSKL INDEX NOSEDIVED FROM 1200+ TO 200+ within a short period. Anwar has caused much bigger damage than any computer programmed share trading that Tun can name.
Anwar later allowed his hedge fund friends to buy back every one of the borrowed scripts on the cheap (just like peanuts) at the open market, then return them to the banks with hefty profit, leaving behind M’sians groaning awaiting bankruptcy.
It’s suffice for now on ‘the liar & slanderer’ Anwar’s act of treason, which ex-PM ‘no quality’ Pak Dol & the ‘kurang _jar (KJ) kid trying hard to emulate!
Salam Tun,
It is strange that when Governments knew that glitches like this exist in the Computer programme, they are still using it.
Is there anything for them from using the programme that we commoners don’t know?
Or what was happening with Dow Jones has really slipped out of their expectations? Never expect that tens of thousands of people may buy or sell at one time?
Thanks.
Tun
I agree 100% with you that this system which has increasingly made the Dow Jones a laughing stock of a casino must BAN ALL:
1. Programmed Trading of any kind, whether buying or selling.
2. Short Selling by borrowing scrips i.e. seller must actually beneficially have paid for and owned shares that are sold. This will encourage more medium and long term investing strategies.
3. Proprietary trading by short selling shares or hedge instruments by those who create and market those same securities to clients unless cleints are clearly informed of it first. (The Goldman SAchs con!!)
4. Listed Companies from having private briefing sessions for Plcs and large investors, especially before quarterly results are released, unless such sessions are also open to ALL shareholders and investors.
5. Investors from operating nominee accounts.
dpp
we are all of 1 race, the Human Race
Salam Tun yang di hormati,
1. Pemikiran setiap manusia berkemungkinan berbeza-beza ; politikus dengan ideologi nya, pakar ekonomi dengan jangkaan nya dan pelanggan kedai kopi dengan cerita nya.
2. Politikus akan bercerita bahawa pemerintahannya paling hebat; cemerlang, gemilang dan terbilang. Pembangkang tak tau apa.
3. Politikus akan mengatakan perancangan ekonomi nya paling baik; hal “GDP”, “unemployment” tu semua dia boleh atasi. Orang lain tiru dia sahaja.
4. Politikus juga akan memberi komen yang dia tak “main” saham, yang dia tak “main” komoditi, yang dia tak “main” pertukaran matawang asing. Orang lain yang “berdagang” saham, komoditi dan matawang asing ini berjudi sahaja.
5. Politikus akan memaklumkan sistem komputer akan membuat kan manusia seperti sekumpulan burung; jika ketua nya terbang ke selatan, yang lain ikut, jika ketua terbang ke utara, yang lain ikut, dan jika ketua nya masuk laut yang lain juga akan ikut. Manusia, burung dan sistem komputer serupa sahaja.
6. Bagaimana pula pendapat pakar ekonomi dan pelanggan kedai kopi terhadap politikus?
7. Pakar ekonomi mungkin akan menjangkakan politikus ni pengetahuan nya dalam ekonomi adalah kosong.
8. Dan pelanggan kedai kopi mungkin akan bercerita politikus nie labun jea lebih.
Salam Pak Tun,
You have said it..gambling. Gambling of any kind should be ban. It does no good to human health. Perkara sebegini tak elok dipraktikkan. Walaupun stock exchange nak canggih atau up to date pakai computer, tetapi all these gadgets are subject to manipulation and of course hacking, spying etc etc. Ianya boleh merosakkan ekonomi negara walaupun our fundamentals are good.
Tetapi on the other hand, kalau tak pakai pulak…macam mana? Slow, sluggish, red tape…Tak ada syarikat luar nanti yang mahu menyenaraikan syarikat mereka di Bursa kita. Iilah dia The Good, The Bad and The Ugly…
Dear Tun,
This is another excellent article of yours. The world should read this.
amin tan
Dear Tun
I attended your lecture on a highly relevant topic hosted by the ECSSR in Abu Dhabi. Just like most, if not all Malaysians residing here in the UAE, it is an opportunity not to be missed.
The community here which represents a multitude of nationalities particularly from the MENA region regards highly of your strong leadership within the local and international scene. The overwhelming attendance and participation at the lecture was enough to display their keen interest in your refreshingly honest views.
As a Malaysian, it is a truly a moment of pride. It does bring me back to the time when the Malaysians themselves were questioning the decisions and policies you
Tun,
Software written with “IF… THEN… ELSE…” can always be misused but it can be disastrous too if we do without having computer software to monitoring transactions.
Fortunately, I have
Tak perlu ban, sebab saya pun buat indicator untuk trade Index. US dan Euro
I find it a very strange comment to ban computer programmed trading!!!
Human being created STOCK MARKET spending trillions trading over pieces of paper called SHARE. Human being are much more stupid to trade in stock marketing, a non-value added activity. There is no tangible services or products created from stock market.
When market goes up for no apparent reasons, we applaud the paper gain. When the market goes down, we blame the computer programmed trading! Why the trading in the 1st place?
We created the problem/Stock market for ourselves and now we blame the computer programmed trading for the problem?
TAK MASUK OTAK!!! BETUL KAH?
Y.Bhg Tun,
Wajar dipertimbangkan akta kawalan computer programming for stock market gambling. Kalau tidak bertambah kucar kacir dunia.
There is a rumour that the Fed Reserve itself is behind the crash.
http://wherebearsroamfree.blogspot.com/2010/05/us-stock-crash-6-may-2010-part-2-us-fed.html