MONEY MASTER

While the bearish market continue in the market as oil price plunge continue, some analysts are starting to believe the bottom is near.  It is hard to predict where the bottom is but some forecasters believe the long tumble of crude oil is about to come to an end.  The average forecast in the latest survey believe that the crude oil to trade at US$64 a barrel at the end of December 2014. With the crude oil (brent) at US$61.85 per barrel now, some analyst believe the sharp drop is coming to an end. It is difficult to do a forecast but it is likely for us to see the oil price to trend at this level for the coming weeks. What say you? Did the analysts get it right this time?  

Much has been debated and argued about the GE13 results. Well, it doesn't matter because foreign investors are showing their confidence as the market open today.  Affin Investment Bank Head for Retail Research Dr Nazri Khan said the participation of many foreign investors in the local bourse today was a clear signal of their confidence in the Malaysian economy. “Bursa Malaysia soared to a new high of more than 1,800 points and this clearly showed foreign investors’ confidence in the government’s development projects. “In fact, Bursa Malaysia received an injection of RM2 billion in foreign funds during the morning session today which is the highest recorded thus far,” he told reporters here Monday. Of course, there might be a lot of argument that these are all manipulation but then again, assuming that the momentum is maintain, we are talking about revising the target to 1,830 points by year end.  So far, BN win has also had a positive impact on the cash and foreign exchang...