A party in free fall?

At loggerheads: Muhyiddin (left) has ousted Hamzah from Bersatu and now faces a new party potentially forming around his former deputy president. — Filepics/The Star

THE survival of any political party depends on a brutal logic shared with the trading floor: “Don’t catch a falling knife.” In the world of finance, this is a stern warning against buying a stock or asset experiencing a rapid price collapse.

The belief is that if you try to grab a plunging asset – to “buy the dip” as they say – you will only be maimed by its momentum before it finds the floor. You wait for the knife to hit the ground, stop bouncing, and lie still before you even consider reaching for it.