Monday 10 March 2008

Tsunami in Malaysian Politics

Ahem....by now everyone would know what is the final result of the PRU2008 with BN Sarawak won the final seat of Hulu Rajang. A shocking defeat ? in 4 states by BN ? (Sigh...why not much dent observed in Sarawak ? as lamented by one friend on Saturday night)

A lot of assumption has started ? even as I drive to work this morning, another friend called to informed that the stock market shall have limit down today (in my heart...die..loh..as I have invested quite a sum in the past 6 months or so..) as he reasoned out few prominent stocks which may be strongly affected especially those have investment or business activities in the four states.

We both agree the sentiment (coupled with Dow's effect the previous Friday where is lost 1%++) and have predicted at least 50 points down from opening,...true enough it was 60 points in red...and now it is going to break 100 points (- 98.31) ! Looking at the top losers, they are all heavyweights ! mostly those linked to governments.

Predictions were made that Kedah shall ban all the gambling and liquor businesses ? All inmorality activities shall be stopped ?? will be like a 2nd Kelantan ? Is the rakyat there prepared ? May be they will also move out to somewhere ?

How about Perak ? why DAP has allowed a PAS leader to be the MB though they are the biggest winner in the state ? Will Perak follow suit like Kedah and Kelantan ?

Well, whatever it is...the next 2 weeks shall be very interesting and let's see how this election result settles down (Tun Dr. M is pressing his succesor to accept full responsibility...he said in local newspaper.. if a Japanese, "harakiri shall be rightful act to salvage this shameful loss...but well he is a Malay, so no need this drastic act :) ).

My hope is that all leaders must be graceful in defeat and accept the voice of rakyat and may all supporters and Malaysian be united again and gracefully to continue building our beloved country to a real boleh country.

2 comments:

mygreatbuds said...

Gosh,...BSKL has halted its trading...alamak ! 130.01 points down !

Ivy said...

Warned you to slowly back out of the stocks, didn't I? Should have invested with me, heh heh heh....we're not in much better conditions as you in the stock market, but I can safely say we've learned from past experience and might have a good chance at breaking even.