Finance and Economy
Do you need to be a certified chartist or scientist to tell what the resistance levels are for either Kuala Lumpur Composite Index (KLCI) or Dow Jones Industrial Average? If you’re still clueless why the recent spike in the stock markets then go figure, will ya? The only difference between current global recession and the […]
... written on Jun 23 2009Singapore Minister Mentor Lee Kuan Yew last visited Malaysia in 1989. The architect of the current modern Singapore has never step onto the soil since then, at least officially, due to obvious reason – former Malaysia Prime Minister, Mahathir, won’t allow it. And now that Najib Razak has become the sixth prime minister, Lee Kuan […]
... written on Jun 16 2009CIMB Investment Bank Berhad claimed that foreign investors returned in droves bringing in their hot money as if they have no where else to park their money. The funny part is CIMB can only target the KLCI to reach 1,060 points by year-end, another 20 points from today’s index of 1,040. Why not 1,200 or […]
... written on May 28 2009General Motors Corp. (NYSE: GM, stock) announced that only a small fraction of the holders of its $27 billion in bonds agreed to swap their debt for a 10 percent equity share of a recapitalized GM. Without at least 90% of GM’s unsecured debt bondholders agreeable to the swap-plan, GM has no other choice but […]
... written on May 27 2009Not many moons ago I wrote that the no-brainer or average-Joes yardstick to measure if the economy was getting bad was to look at how Starbucks’ (Nasdaq: SBUX, stock) business was doing. Furthermore at about RM10 a cup of coffee it’s considered a luxury, at least to the majority of the men on the street […]
... written on May 17 2009Speculators and punters are at the crossroads now. Stock market has arrived at the traffic light – would it pause before continue its journey to the north or would it make a U-turn and go south? It’s freaking fun to see the look on the face of the speculators or punters now. If the so-called […]
... written on May 14 2009Something is not right here although I hope I’m wrong. Not many months ago the stock market happily plunged with a single bad news although there were dozen of good news accompanied it. Now a single good news plus dozens of bad news is enough to send the stock market to the moon. Everything was […]
... written on May 09 2009There’re reasons why the stock markets are such an interesting place and always compared to casinos. If you’ve been into casinos the view of gamblers shouting on top of their voice as if they were possessed by ghosts is common. Middle-age women could sit for hours playing slot machines and sometimes you wonder how on […]
... written on Apr 24 2009Investors were doing the right thing by dumping financial stocks. At least they’ve realized the stupidity of keeping these stocks knowing the worst is not over. Citigroup plunged 19 percent and Bank of America erased 24 percent with Dow Jones tumbled 3.6 percent or 289.60-points. There’re only $109.6 billion left in the $700 billion bailout […]
... written on Apr 21 2009Citigroup Inc. (NYSE: C, stock), once the mightiest and largest financial institution of the United States of America and one of the components of Dow Jones Industrial Average index but now considered to be one of the most troubled U.S. banks reported its smallest quarterly loss since 2007. The bank posted a first-quarter loss to […]
... written on Apr 17 2009
