Archive for September, 2008
Two bailouts within a month and the amount of taxpayer’s money for the exercise amounted to a staggering $185 billion. After prepared to put up as much as $100 billion for mortgage giants Freddie Mac and Fannie Mae, the U.S. government is injecting $85 billion to bailout American International Group Inc.’s (NYSE: AIG, stock) but […]
... written on Sep 17 2008As expected 916 is another peaceful day with the same old boring and incompetent government still in power. But opposition leader, Anwar Ibrahim, can’t just let the day passed without making any statement since he has promised 916 (Sept 16th) which is also the formation of Malaysian federation in 1963, to be the day a […]
... written on Sep 16 2008You’ve watched many American TV series or movies on how the bad guys were arrested by special force because they threatened the national security. One of my favorites is definitely “24” although sometimes you wondered if Jack Bauer really possessed the super-stamina throughout the entire 24-hours. But the baddies were really bad because they were […]
... written on Sep 12 2008The problem with the current stock market is obviously not about the company’s fundamental but because of the political excitement. It’s excited because should the current regime falls the next government, if it survives, will most probably introduce many policies consistent with the CAT (competency, accountability and transparency) to attract foreign investment. On paper it […]
... written on Sep 11 2008Oops! It happens again. Malaysia stock operator, Bursa Malaysia Berhad (KLSE: BURSA, stock-code 1818), has suspended derivative trading for the rest of the morning session yesterday due to unresolved technical problem. Although the so-called glitch did not affect trading in equities and bonds the fact that such problem happened within a short span time since […]
... written on Sep 09 2008During current uncertainty and volatile stock market one has no choice but to pay extra attention and double the homework in order to pick the right stock(s) to trade. Essentially you have to know when is the right time to enter the stock market or to open new position(s). Nope, I don’t have the magic […]
... written on Sep 05 2008The stock market tumbled when Dow Jones erased 345 points (3%) to 11,188.23 Thursday. The S&P lost 3% to 1236.83 and the Nasdaq fell 3.2% to 2259.04. This is the worst decline since June 6 and you should take note seriously because it appears the S&P will break 1,200 while Dow might break the 11,000 […]
... written on Sep 05 2008The good news – oil prices extended its decline to $107.91 a barrel, down $1.80 yesterday before it gained strength to $109 a barrel today (while waiting for U.S. crude inventory report). Since July 11th the black gold has fallen from the price of $147 a barrel. More good news – the dollar strengthen against […]
... written on Sep 04 2008Finally the guessing game of who will get the huge chunk of the broadband project reaches its peak when Telekom Malaysia Berhad (KLSE: TM, stock-code 4863) received a letter of award from the Government today. From the start it was almost certain that the country’s dominant fixed-line provider, TM, would get the deal considering its […]
... written on Sep 02 2008None of the people I’ve met since the 2009 Budget was revealed has anything good to say about it. It was definitely not a “caring budget” (as claimed by PM Abdullah Badawi) and the 1 percentage point income tax cut does not translate to something that you should shout about considering the current high inflation. […]
... written on Sep 01 2008
