Signs of incompetent leaders

 Big news of the week is President Trump has again missed the Nobel peace prize. It went to another person Maria Corina Machado Parisca, a Venezuelan politician who are fighting against the dictator Nicolas Maduro Moros.

While striking a seize fire deal between Hamas and Israel is really a great feat, and his work on negotiating between Ukraine and Russia does require recognition, I believe Maria Corina Machado Parisca deserves the prize more than him, reason?

It must be strange that while I am more align towards Trump's actions, I do not agree that he deserves the prize more. Part of his intention is to value lives, that is amicable. However, part of his intention is to get the Nobel peace prize recognition, this is not a noble intention.

However, this is only a sidetrack of my entry today. I do not consider Trump to be incompetence, instead I believe that he is relentless in working for the welfare of the people of USA. 

It began with Flotilla, an organized sea incursion into Israel by a large fleet of small boats led by the moronic attention seeker Greta Thunberg. It was no surprise that they failed spectacularly, being stopped, detained and deported almost immediately.

While claiming the event for humanitarian purpose, it certainly does not serve the purpose. Instead, they managed to gather attention for themselves, Greta's speech is again being broadcasted worldwide, while the condition of the people of Gaza remained unchanged.

among the group of this Flotila are 23 members from Malaysia. I have no idea who they are, in fact, they are unheard of before this event. They became famous in Malaysia right after their detention by Israel, upon released, they claim how cruel is the Israel authority and how inhumane they were being treated, they only problem here is: they were in perfectly good condition with not even a scratch on them when they returned to Malaysia.

During their detention, the government of Malaysia led by Anwar Ibrahim was quick to voice their objection to Israel's action, claiming Israel has no right to do so even though the incursion itself violates the sovereignty of Israel and that Malaysia has not established any diplomatic relation with Israel. 

Protests were organized at the US embassy for some reason and boycott of US goods follows to "put pressure" on Israel, like Israel is part of US of A. Anwar even threaten with dire consequences to Israel should their hero not returned to them, as if they will do the same should there be illegal foreign entry to Malaysia.

Upon returned, the 23 Malaysia members of Flotilla were greeted with hero's welcome. Strong support were voiced for Hamas and Palestinians by the Malay community from the religious folks to the Malay politicians. Alternate voices to Palestinians were labelled as betrayal of Malaysia. Anwar even vow for Malaysian peace keeping force to Gaza.

Yet throughout this period, the government is going nowhere in local matters which is supposed to be they core concern. There are high level of racial unbalance within the nation, and Malaysia is still with many in poverty even though it is still an oil producing country. Not to mention, Malaysia still has a big issue with ineffective education system that fails to produce skill competency for nation building.

All these issues were sidelined by the focus on Gaza, which halfway around the world away, with its wellbeing having no influence on Malaysia future.

This reminds me of my observation on Ukraine-Russian war. How many politicians have "risked their lives" travelling on land to Kyiv to have that handshake of death with Zelensky, and then slowly faded out of the political arena. Furthermore, how anxious is the European Union led by Macron of France and Starmer of UK involved themselves in talks after talks to "support" Zelensky, all of whom later on demonstrated their total failure in their core duty, which is the wellbeing of European Union and UK.

It is not that Zelensky's hand is a curse, it is the incompetence of these leaders to start with. They can't solve their own issues on hand and attempted to redirect the attention of the people to show how "determine" they are on other people's matter.

This is the same thing with the Malaysia government. It cannot contribute to the wellbeing of its people and redirect attention to Gaza issue. The life and death of Gaza is not important, the attention of their own contribution is more important.

So, back to my hypothesis; incompetent governments help economical recovery. Is this the case for Malaysia? 

Let's look at KLSE.

Fig 1. KLSE weekly chart

My last update on KLSE was A belated happy birthday to Malaysia...or was it a little too early?. dated Sept 2024. I was of impression that KLSE was on an uptrend with resistance at 1,674 to 1,860. 

It managed to climb higher while only reaching a high of 1,640 on week of 29th September 2025, falling short of my expectation. It is now falling back to 1,612, its 61.8% projection line that it has surpassed earlier. 

In addition, I am seeing MACD in the process of crossing downward. 

KLSE is now supported by its 8-week moving average. 

I believe that KLSE is on correction as there is no indication of reversal yet. Which still means that it is heading downward, and will like be supported by it's 55-week moving average, which is now at 1,567. In between, there is another support at 1,582.

Should it be heading upward, I see resistance between 1,670 to 1,703.

It is quite obvious that the market is rising up while the government stuck in its position, it only started to fall when Ketuanan Melayu started focusing on Gaza. Sad, sad!