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Citi Stock at $1 a share – Cool; Right Issues – Boo

Who would have thought that the mighty Citigroup Inc. (NYSE: C, stock) could become a penny stock one day? It was unthinkable as the American brand was once the most powerful bank on the planet earth and to flash your Citibank Credit Card was a privilege that Mr. Bean would not get tired of. Citigro [...]

Great Recession’s Scope is Deep and Broad

Like it or not we may be entering the Great Recession without us realizing it and only time will tell if we’re indeed walking into the history. So how does it feels or just how comprehensive is this so-called Great Recession? In reality unless you’re in the manufacturing or other vulnerable sect [...]

We don’t live on trees. We conduct Assembly under the tree

Two scariest (or rather amazing) things are to be remembered as we entered the month of Mar 2009. First – the Dow Jones Industrial Average has finally breached the 7,000-level when it closed at 6,763.29; a loss of almost 300 points. The Dow hadn’t traded below 7,000 since Oct. 28 1997 – 11 yea [...]

Can the Street Gangsters face Recession Alone?

Malaysia‘s GDP (gross domestic product) registered a growth of 4.6% for 2008, shrunk from 6.3% recorded in 2007 and lower that earlier projection growth of 5% (for 2008). However the fourth quarter’s (Oct-Dec 2008) growth was at disturbing 0.1% growth compared with 4.7% in the third quarter. Tha [...]

Toll Hike for 5 Highways – Who Cares about you, Sucker?

It’s funny how the government could be held ransom by the already fat toll operators making millions of dollars of profit from the lopsided concession agreement. But I supposed it’s not the fault of the current administration namely the outgoing Prime Minister Abdullah Badawi and certainly nobod [...]

Why Cut the OPR Rate My Genius? Aren’t we’re Insulated?

I was wondering if some hackers were recruited by the federal government to hack my notebook to either plant some Trojan horses or just to deny my access to the internet – surfing was bloody slow that I could leave my notebook to fetch its pages while I disappeared into kitchen to cook a bowl of i [...]

Ahoy there, Dow is sinking below 7,000-level

U.S. financial crisis is getting worse and it seems the current cycle of recession could stretch deep into 2010. While it was a good sign for traders to short the stock or whack the Put Options when Dow Jones plunged below 8,000-level recently, the global financial systems could experience turmoil m [...]

UMNO begging QC’s help in London – a Mistake Coup?

Ever since the federal government (or rather UMNO) forcefully taken over one of opposition’s states of Perak the de-factor opposition leader Anwar Ibrahim couldn’t afford to smile as much as he used to be. Just like the stock market Anwar was charging like a bull as if the market was experiencin [...]

Defensive Stocks Screwed – more after F&N & Carlsberg?

One of the readers asked me about Genting Group’s (KLSE: GENTING, stock-code 3182) stock, a company I last wrote in June 2008 and since then I never look back. The stock was on free-fall back then and I presumed nobody dares to catch a falling knife. In fact when the group succeeded in its bidding [...]

Perak Government – Now You See It, Now You Don’t

If there’s one thing that keep us all entertained and the Perak Constitutional Crisis still in play, it’s because the Speaker, V Sivakumar, has not been bought yet by the federal government known as BN (Barisan Nasional). And let’s hope this Sivakumar has the balls of steel and stays that way. [...]


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