Archive for October, 2008
On Black Monday in 1929 the stocks dropped 24 percent and at the lowest point the U.S. stocks had lost more than 80 percent compared to their highest point (recorded in Sept 1929). But it wasn’t until 1932 when it hit the bottom and it took 29 years (1958) for the stock market to climb […]
... written on Oct 12 2008Black Friday – well, almost, when the Dow opened with breathtaking plunge of nearly 700 points during the first 5-minutes into trading hour. The much monitored index was whacked to as low as 7,884 before recovered to above 8,000. Somehow I believe the authorities had their hands in this sudden recovery, not that it’s anything […]
... written on Oct 11 2008The “Taikor” Dow Jones has erased a whopping 2,300 points since six days ago and all were in triple-digit loss. I hope none of FinanceTwitter readers bought any Call Options when all the gamblers and traders were shorting the market using Put Options since the ban on short-selling. After the 777-point plunge now we saw […]
... written on Oct 10 2008Like it or not the outgoing Malaysian Prime Minister Abdullah Badawi would be remember as the weakest, laziest, useless and the most indecisive PM this country ever had. From the start he doesn’t have the minimum quality, both academic and leadership, to become the PM. He was put on throne because the former dictator, Mahathir, […]
... written on Oct 09 2008When the Dow was flushed to below 10,000 and as low as 9,560 at one point but recovered nearing the 10,000 before the closing bell on Monday, I was relieved. Firstly I was glad because I closed my position on AAPL Put Option before the last hour jump and secondly I was relieved that the […]
... written on Oct 08 2008Rumors about AirAsia Berhad’s (KLSE: AIRASIA, stock-code 5099) privatization have been circulating many months ago and today the Southeast Asia’s largest discount carrier confirmed that its major shareholder Tune Air Berhad is considering the initiative to buy back the shares from the public in an attempt to take the company private. The magic word here […]
... written on Oct 07 2008Lame-duck and flip-flop PM Abdullah Badawi said he will announce the decision on whether he would defend the UMNO presidency either tomorrow or by Wednesday. Although he would most probably quit, the Malaysian PM might just show his infamous indecisive leadership again – he might announce he still has many things to do and people […]
... written on Oct 06 2008Germany is a great nation. The country also saw the emergence of a great hero, or devil depending on how you look at it – Adolf Hitler. He participated in both worlds’ greatest war, World War I and II. I can’t imagine what would happen to Germany if Hitler never invaded Soviet Union and spared […]
... written on Oct 04 2008When you read from the government-controlled media that Malaysia’s economy has the capacity to weather the destabilizing consequences of developments in the US economy and international financial markets, that’s when you need to start worrying about the economy. It’s better for newly appointed Finance Minister Najib Razak to shut his mouth and do what his […]
... written on Oct 03 2008
