#218 ‘fear n fear’

Now that the euphoria over the US election is over, will the real face of Wall Street surface?

I like the way John McCain concedes his loss to Barack Obama on presidency. During the campaign there were times when both parties hurled sharp words but eventually the voters’ rights, supreme.

McCain returns to his congenial self bowing out to congratulate Obama on his win and encourages his supporters to support the Obama administration. The US is indeed a free country where there is fair election and the citizens have the right to choose their leader.

There is maturity in accepting the votes count unlike some African nations…

Obama used the internet as his tools for his campaign. He was able to raise lots and expended lots of money on his campaign. Will he be able to raise funds to help those who had fallen into the subprime prey and financial crisis?

Naturally the world leaders have to congratulate the secession of the world leader. Accordingly, some nations are hopeful while others are adopting the ‘wait-and-see’.

Will the market improve or like what Australian tycoon Murdoch reckoned the financial crisis will deepen?

The Asian markets are expecting the worst to come. Is this self-fulfilling prophecy?

I certainly hope the Asian market economy can buffer this recession…hopefully not depression.

A recession might be good to bring many to reconsider their spending habits; to weed out those workers who have had bad attitudes or think that the world owes them a living; to wake up the younger generation that there is no such thing as human rights in this working world. When a person comes out to the market place, he is literary enslaved to whoever hires him. Either he makes or breaks. 

Only the stronger and better will remain be humans or enterprises!

#215 yo-yo stock market

I cannot believe that I read: yesterday the US stock market soared 900 points or 11% (!) while for the past few days, in spite of monies injected, yet…there was a spiral downwards! Why no stability? Who are the suckers? Who are the winners?

Who has been deciding or manipulating the rise and fall of the stock market?!

Who is pocketing the monies? Surely the monies cannot just evaporate!

28th-29th October is the anniversary of the Great Depression 79 years ago! At the time, there was no government intervention or bailout.

Yet today, in spite all the interventions, there is great votility! What is really happening? Who stand to benefit in this yo-yo?