Bull and Bear

The Kuala Lumpur Composite Index (KLCI) made fresh rally highs in early trade last week and then plunged on a broad sell-off influenced by the huge losses in Asian exchanges triggered by China’s Shanghai Exchange debacle. It finally closed Friday with massive losses.

Markets in Asia and Europe fell again Monday, extending their slide into a second week as investors worried about a possible global slowdown dumped stocks that had surged in recent weeks.

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Investors everywhere were making great leaps of faith after the Chinese New Year break. Few were the voices of doom and many were the believers that the world had entered a golden age of prosperity that would allow the bull market to charge ahead forever. When everyone least expected it, the balloon hit the pin.

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Markets in Asia and Europe fell again Monday, extending their slide into a second week as investors worried about a possible global slowdown dumped stocks that had surged in recent weeks.

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A 6 month graph of the KLCI.