Author: Icon8888 | Publish date: Wed, 19 Aug 2015, 08:57 PM
The recent stock market rout is to a very large extent due to strengthening of US Dollars, which in turn is caused by expectation of rate hike in September.
However, according to the article below, there is a possibility that the actual announcement of the rate hike could trigger a sell down of US Dollars in a typical Buy on Rumours, Sell On News fashion.
Strengthening of Ringgit will of course have a positive impact on Bursa.
I hope this piece of information will give you a pause if you are bearish about the Ringgit and think that the recent Bursa decline is a one way ticket to hell.
Never rule out the possibility of a rebounce over next few weeks.
Of course, buy at own risk. Don't blame me if the train ride actually ends up in hell.
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