Nov

28

Invest Only What You Can Afford To Lose

November 28, 2008 | 6 Comments

very day we open up the newspapers, we are hit by depressing news - what with retrenchments (DBS axes 900, NOL ships out 1000, Citigroup eliminates 52000 worldwide, etc) and pay cuts (Temasek staff and Cabinet ministers). Taken together, the “contributions” from DBS and NOL are close to surpassing the retrenchment figures for third quarter.

Nov

19

One Way Traffic: Dow Plunges Below 8000

November 19, 2008 | 4 Comments

It is one way traffic: Dow Jones plunged below 8000, a first since 2003. There was a bear rally on Tuesday but it is a folly to be tempted by profits in all these technical rebounds. For those who are drawn in and end up selling in a panic, you risk doubling your losses.

Nov

13

Spend Our Way Out Of Recession

November 13, 2008 | 5 Comments

Recession, recession, everywhere we turn, we are faced with this dreaded word. For those who are still shy to utter recession, let’s not kid ourselves anymore. The earlier we face up to the truth, the faster we are on the road to economic recovery.

Nov

10

Merrill Lynch Pigs About Mortgages

November 10, 2008 | 3 Comments

Merrill Lynch, as a revered investment bank, don’t know what the f*ck they are doing with mortgages, yet they go around advising clients and selling mortgage based securities. What chance do retail investors have when their trusted adviser is flying blind in its pursuit of profits?

Nov

6

No Honeymoon For President-Elect Barack Obama

November 6, 2008 | 1 Comment

Change has indeed come to America and I am glad that Obama, a bright, eager, charismatic and progressive African-American has ascended to the White House on a record wave of voters’ turnout. After the dizzying celebrations of a defining moment where a gigantic racial barrier was overcome, it is time to get back to reality though.

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