20070228 So the authorities came out to support the market, or rather "buy on valuation". I can distinctly remember in 1998, during the height of the Asian Financial crisis, the PM then said, "we will issue RM6 billion of bonds to buy into the KLSE. At the PE valuations, we will be profitable..." The CI dropped from 800 at the time to 265, before rebounding. Of course, by holding the investments for long enough,(9 years) they made money. This has a lesson, "stock market rewards long term investments." Will history repeat itself.(like the weekly RSI going above 90)