From best to worst?

It has been a long time I did not follow Malaysia stock market. Gave up after the tsunami election. Almost everything went worst from the best. 2007 was a superb year. Simply pick one of the top 10 and high possibility you will make a gain.

Well, let me recap - current financial crisis was a snowball effect from the the issue unveiled in 2007. But many people were so positive that it would not create any big crisis like this. Ok, 2007 was the best year . Q1 of 2008 was acceptable. I still remember Intel CEO said that he does not see any impact to the demand due to recession. Then, all gone wrong in Sept and Oct. Banks collapsed, US government provided funds to help so many companies in US ... and many many more.

When I looked at the quarterly results at Bursa Malaysia website, almost all Mesdaq gone. The champion should be Viztel? I am not sure I read it correctly or not. Revenue recorded in the quarter is RM3,000. Even N2N, Titan, TongHer are also in red. Can you believe? A listed company has only RM3k revenue in a quarter? I wonder when the auditor will raise the on-going concern for the company.

Back to US market, it is happening too. Citi is trading at $1++ only, which is cheaper than Public Bank or Bursa. Dell, Amd, Intel and the rest are on sales too.

Should we start buying now? Perhaps the bottom is yet to come?

More terrible Q1'09 result will be released in April?