the masses are still drinking coffee

The masses are nervous now, and that means the markets will continue to trend higher.  When the masses join the bullish club and turn euphoric, then it will be time to bail out.  For now, it’s not time to sell and the fact that more Americans enjoy a cup of Java indicates clearly that the market is not ready to crash.  - Sol Palha


OVERWEIGHT on Properties, Plantation and Power in 2016, selective exposure into the Oil and Gas and Banking
higher levels of exposure into the smaller- and medium-cap space for outperformance, though also maintaining a trading stance on the larger-caps to benefit from its liquidity and the market volatility
Our top picks for 2016 in the large-cap space are CIMB Group and Genting Plantations. For the smaller-caps, we like SKP Resources, TSH Resources, Ta Ann Holdings, Cypark Resources, Prestariang, TDM and Uzma.
 - PublicInvest Research


We prefer earnings visibility and ringgit depreciation beneficiaries. Banks offer earnings visibility at cheap valuations, while healthcare stock and other exporters benefit from ringgit depreciation.
We recommend neutral positioning in chemicals, consumer discretionary and utilities sectors while being underweight on energy, staples, industrials and telcos
Nomura's top five favoured stocks for Malaysia were Malayan Banking Bhd for the financial sector, IJM Corporation Bhd for the industrials sector, Karex Bhd for the staples sector, Genting Malaysia Bhd for the discretionary sector and Tenaga Nasional Bhd for the utilities sector.
- theedgemarkets.com  

A canary died

- in 2008 fund closures became one of the canaries in the coal mine. 
- Last week, Third Avenue Management shut down its $788m ‘Focused Credit Fund’ – a fund investing in corporate bonds. 

- the oil price is now capped for the foreseeable future ...until we see some proper carnage in the corporate sector (we’re on the way there, the amount of distressed debt in oil and gas is picking up fast), we won’t see things bottom out

(Money Morning)