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.

