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Let’s Close the Global Stock Markets, shall we?

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 back to pre [...]

Black Friday almost Rock&Roll, it’s not the bottom yet

Black 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 rec [...]

Panic Selling Continues, first Stock Exchange to be Frozen

The “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 [...]

Flip-flop Badawi to the Exit Corridor – from Hero to Zero

Like 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 [...]

Cash is King but do you have the bullets?

When 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 Dow looked t [...]

AirAsia Privatization, a Pathetic Offer of RM1.35 a share?

Rumors 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 [...]

Dow below 10,000; $700B bailout plan was the poison?

Lame-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 [...]

Arrogance, Greed & Corruption – Will We Ever Learn?

Germany 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 [...]

Waiting for Congress’s “Aye” but the Problem is Gigantic

When 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 [...]

Should we rejoice or mourn on Maybank-BII deal?

Let’s rejoice and celebrate because Malaysia’s largest lender, Malayan Banking Berhad (KLSE: MAYBANK, stock-code 1155), has just managed to beg PT Bank Internasional Indonesia’s (JAK: BNII) major shareholder Fullerton Financial Holdings, a unit of Singapore's Temasek, for more sweets. Maybank [...]


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