This is gate 7, the gate to my granstand. As i enter ferrri fans wave their flags and having some photoshoot.
A sneak peek of a corner
More to come..
Saturday, October 4, 2008
F1
Wow this the first night race i find it cool and interesting. Well here's day 1 pics
This is gate 7, the gate to my granstand. As i enter ferrri fans wave their flags and having some photoshoot.
A sneak peek of a corner
More to come..
This is gate 7, the gate to my granstand. As i enter ferrri fans wave their flags and having some photoshoot.
A sneak peek of a corner
More to come..
Sunday, September 21, 2008
What a busy and fulfilling week!
Well where can i start? Too much things going on and off. Well let's recap...
Day 1- Lehman Brothers, a 157 years old company filed for bankruptcy in the US. No bailout says the TREASURY and FED. Meanwhile AIG announces to sell its assets to raise capital. Lehman became the third brokeage company and the only company failed to get a bailout unlike MERRILL LYNCH and BEAR STEARNS. On sunday previous day, the 2 companies have been meeting to discuss plans but the plan fallout and Lehman had no choice but to end it.
Day 2- Drama in the wall street continues as traders move to sell shares of AIG to new lows and word has been spreading that the FED will cut rates to stabilise the markets. The FED meets at 2 later in the noon. The FED announces that interest rates put on hold and will keep monitoring the markets, ready to step in if required. AIG pressured all day finally gets what it wants, the FED will bailout with a USD 85 BILLION loan, Gives up 80% loan. The market reacted as always violently fist dropping then up three digit.
Day 3- Traders digesting and looking for best buy around the markets but cannot find. Somehow GOLD managed to steal the show with a record of its own, intra day high of about USD 90 as a safe haven buying. AIG as always threaten session lows and dragging DOW down. In the end DOW ended down more than 400 points. More blood ahead.
Day 4- Markets around the world fall like domino and central banks pumped in billions to help markets and some markets saw reverseal. Another day of violent trading. DOW open with the news of banning short selling as stocks struggle to find tempo. After going up and down, in and out of index at the very last hour of trading, rally began and close with a 400 points on the upside. TREASURY broke the news that plans are laying out to 'clear' up toxic debts and mortages and much more things to stabilise he markets.
Day 5- Markets around the world respond positively with eagerness.
Day 1- Lehman Brothers, a 157 years old company filed for bankruptcy in the US. No bailout says the TREASURY and FED. Meanwhile AIG announces to sell its assets to raise capital. Lehman became the third brokeage company and the only company failed to get a bailout unlike MERRILL LYNCH and BEAR STEARNS. On sunday previous day, the 2 companies have been meeting to discuss plans but the plan fallout and Lehman had no choice but to end it.
Day 2- Drama in the wall street continues as traders move to sell shares of AIG to new lows and word has been spreading that the FED will cut rates to stabilise the markets. The FED meets at 2 later in the noon. The FED announces that interest rates put on hold and will keep monitoring the markets, ready to step in if required. AIG pressured all day finally gets what it wants, the FED will bailout with a USD 85 BILLION loan, Gives up 80% loan. The market reacted as always violently fist dropping then up three digit.
Day 3- Traders digesting and looking for best buy around the markets but cannot find. Somehow GOLD managed to steal the show with a record of its own, intra day high of about USD 90 as a safe haven buying. AIG as always threaten session lows and dragging DOW down. In the end DOW ended down more than 400 points. More blood ahead.
Day 4- Markets around the world fall like domino and central banks pumped in billions to help markets and some markets saw reverseal. Another day of violent trading. DOW open with the news of banning short selling as stocks struggle to find tempo. After going up and down, in and out of index at the very last hour of trading, rally began and close with a 400 points on the upside. TREASURY broke the news that plans are laying out to 'clear' up toxic debts and mortages and much more things to stabilise he markets.
Day 5- Markets around the world respond positively with eagerness.
Monday, September 15, 2008
Bailout
SpotLight: "Bailout"
So what does it means and it keeps coming out of financial markets? According to wikipedia: Bail out in economics and finance is a term used to describe a situation where a bankrupt or nearly bankrupt entity, such as a corporation or a bank, is given a fresh injection of liquidity, in order to meet its short term obligations. Often bail outs are by governments, or by consortia of investors who demand control over the entity as the price for injecting funds.
Wow quite complex isn't it? Can it be say that there is no other way other than government intervention? Well look right the past and you will see Bear sterns and 2F(Fannie mae and Freddie mac not Felica and Flora) "Bailout". A lot of views to be considered from the most basic, ordinary folks savings, retail investors, staffs of the company, shareholders, CEOs, banks, and much more.... OK what is really going on? Being a new student in economics, it is a good topic to explore... The financial market is cool in my opinion because it is changing everday and moment. Like wind, it comes and goes as it please. Try to know it all and a new situation come out maybe out of a old form. Today the market holds the key to future things. Are we being held hostage? Are we going to the right directiom? Yuks i heard somebody say boring...Hmmm. Is it my passion to come? Time will tell.
So what does it means and it keeps coming out of financial markets? According to wikipedia: Bail out in economics and finance is a term used to describe a situation where a bankrupt or nearly bankrupt entity, such as a corporation or a bank, is given a fresh injection of liquidity, in order to meet its short term obligations. Often bail outs are by governments, or by consortia of investors who demand control over the entity as the price for injecting funds.
Wow quite complex isn't it? Can it be say that there is no other way other than government intervention? Well look right the past and you will see Bear sterns and 2F(Fannie mae and Freddie mac not Felica and Flora) "Bailout". A lot of views to be considered from the most basic, ordinary folks savings, retail investors, staffs of the company, shareholders, CEOs, banks, and much more.... OK what is really going on? Being a new student in economics, it is a good topic to explore... The financial market is cool in my opinion because it is changing everday and moment. Like wind, it comes and goes as it please. Try to know it all and a new situation come out maybe out of a old form. Today the market holds the key to future things. Are we being held hostage? Are we going to the right directiom? Yuks i heard somebody say boring...Hmmm. Is it my passion to come? Time will tell.
Monday, August 18, 2008
Thursday, August 7, 2008
Seeing Red this week
This is the thing that every athelets strike for.. Guess how many China would take? My guess... more than the US this year!!! 加油加油加油！！！
Monday, August 4, 2008
A look at recent US data
ADP Nonfarm Employment Change: 9K vs -58k exp vs -77k
Nonfarm Employment Change:-51K vs -75k exp vs -51k prev
Unemployment Rate: 5.7% vs 5.6 exp vs 5.5% prev
ISM Manufacturing Index:50.0 vs 49.4 exp vs 50.2
Total Vehicle Sales: 12.6M vs 13.6m exp vs 13.6 prev
My views: ADP vs NFP again, the changes are quite big in ADP while auto sales are down as expected in rising oil prices. The big thing is again unemployment rate rising as traders try to balance employment vs unemployment.
Nonfarm Employment Change:-51K vs -75k exp vs -51k prev
Unemployment Rate: 5.7% vs 5.6 exp vs 5.5% prev
ISM Manufacturing Index:50.0 vs 49.4 exp vs 50.2
Total Vehicle Sales: 12.6M vs 13.6m exp vs 13.6 prev
My views: ADP vs NFP again, the changes are quite big in ADP while auto sales are down as expected in rising oil prices. The big thing is again unemployment rate rising as traders try to balance employment vs unemployment.
Today in the Paper
MY LIFE
The human touch: Despite the many social networking tools available to youth, a corresponding rise in the rate of marriages is nowhere in sight.YouthInk writers say why:
Lost in their own world
It is ironic that as technology progresses and interpersonal communication becomes more efficient, we are losing touch with the essential skills needed for face-to-face interaction. "People resemble their times more than they resemble their parents," says Australian researcher Mark McCrindle, a specialist in social trends and generational studies.
And the times of Gen Y are replete with modern modes of communication such as e-mail, SMS and instant messaging, all of which absolve one from the need for face-to-face interaction. Many Young people, on the MRT or even during family meals, seem to be engrossed in a world of their own, busy sending streams of text-messages to their friends.
Hidden behind this text messages does nothing to hone the tone, gestures and body language that constitute 94 per cent of effective communication, according to the late professor Merlin Wittrock, who taught psychology at the University of California, Los Angeles, and who is well known for his literature in verbal and non-verbal communication.
This does not include social skills essential for marriage such as commitment, trust and the sharing of responsibilities. Use technology for ease of communication but do not let it replace he human touch completely.
From Tabitha Mok,21, is a fourth year medical student at the University of Western Australia.
The human touch: Despite the many social networking tools available to youth, a corresponding rise in the rate of marriages is nowhere in sight.YouthInk writers say why:
Lost in their own world
It is ironic that as technology progresses and interpersonal communication becomes more efficient, we are losing touch with the essential skills needed for face-to-face interaction. "People resemble their times more than they resemble their parents," says Australian researcher Mark McCrindle, a specialist in social trends and generational studies.
And the times of Gen Y are replete with modern modes of communication such as e-mail, SMS and instant messaging, all of which absolve one from the need for face-to-face interaction. Many Young people, on the MRT or even during family meals, seem to be engrossed in a world of their own, busy sending streams of text-messages to their friends.
Hidden behind this text messages does nothing to hone the tone, gestures and body language that constitute 94 per cent of effective communication, according to the late professor Merlin Wittrock, who taught psychology at the University of California, Los Angeles, and who is well known for his literature in verbal and non-verbal communication.
This does not include social skills essential for marriage such as commitment, trust and the sharing of responsibilities. Use technology for ease of communication but do not let it replace he human touch completely.
From Tabitha Mok,21, is a fourth year medical student at the University of Western Australia.
Saturday, March 1, 2008
Februray review
February ended on a down note after steep losses in Friday's trading. Each of the major indices finished more than 2% lower, dragged down by underwhelming economic data and corporate headlines. 10 year with the ever bearish USD index finished the week badly. On the forex corner, USD/JPY closed in 103.74, re-testing the low of 102 in sight, with no sign of intervention from BOJ. EURO contined its march closing in 1.5178 although profit taking hits on, any sign of more USD weakness will prompt to higher price. High yielding AUS and NZD holding on its gun for more marching on. March FED meeting wll be most watch for traders with the accompany statement for world's biggest economy movement. It will be a much action packed march wow!
Thursday, February 28, 2008
Trendline 1.5 broken
At last, the 1.5 barrier(EUR/USD) is broken. Fulled by many rate cuts and unexpected good news from germany traders push past the level with conviction. AUD/USD is closing in on parring and is testing 0.95 level now on more rate hikes from the RBA. The FED says they are watching closely on the USD. They are more concern about downside risk and starting to worry a bit on inflation now. With the US index also trading at low levels, do you expect to start buying some cheap USD? With elections coming up, and more writedowns comming out, the picture is indeed gloom for USD bull now. Stay put as more psycological level is tested and the march FED meeting.
Sunday, February 17, 2008
Currency update
FOCUS: USD/JPY, for once USD/JPY rallied past 108.50 but unable to hold... Porofit taking or sell the rally its your take. The intermediate trend is still sell the rally. With Bernanke signaled he may cut interest rates further amid mounting concern that the economy is headed for a recession. Traders stick to the sell usd buy euro trend with the ECB puzzling wheater to fight inflation or cut interest rate as other central banks did. One thing is true, commodities currencies like AUD and NZD will continue to push forward with the CAD not far behind. Euro and GBP will continue to trade higher but with caution about sudden news... Bank of Japan has put rates on hold so will carry trade push higher wait and see....
Monday, February 11, 2008
Start of a new Chinese decade
Enter the rat, out goes the pig and a new year comes. Lets be frank start of the new year the fed has been cutting rates to do what it can to avoid a recession, even Bank of England has been doing it. With the stock market at low levels and recession looms at a corner, it is time to cash it in or continue the safe haven buying like precious metals and swiss franc? One thing is quite sure, i belive we are entering the bear market but not recession. Fundamentals are still strong in some countries and sell the rally is still the current trend (of course the tide will turn in due time). Courage and good analysis is needed in this market, no more cheap and good investment only value and strength in trends right now...
Wednesday, January 23, 2008
Emergency Cut Rates
The Federal Reserve Board of America cut an emergency 0.75 to halt panic selling around the globe. Stocks around the globe suffered losses for about weeks now with the action intensifying the past two days even india sensex has to stopped 1 hour to stop trading and allow some air in. The action was swift Dow which has no trade of Monday set for a sharp lower open but upon fed releasing the news futures jump.... Opening bell saw almost the same thing panic selling but throughout the session it shows resilience. The Dow ended the day -128.11, Nasdaq -47.75, S&P 500 -14.69. Will this really help some question that if this continues will the fed end up with nothing to cut? Subprime, bear market, correction, recession or whatever times are going to be harder for the market....
Monday, January 21, 2008
Summary for week 3
Indices around the globe hitting multi month lows and testing psychological levels, Dow testing the 12,000 level, nikkei broke through the 14,000 support level, hang seng also broke the 25,000 level... With US president announcing the stimulus package with FED Bernanke supporting... Personally i think that will not help... but help is better than no help.... Hope it doesn't complicate the situation more. Data this week: CAD retail sales, interest rate announcement and crude oil inventories .JPY trade balance, GBP GDP and MPC meeting minutes(exp 9-0)....USD unemployment claims.... NZD interest rate statement.
Tuesday, January 15, 2008
Equity Update
15 Jan-Japan Nikkei 225 index finally broke the support line of 14,000 closing the day with 13,972... Meanwhile closer to home the singapore stock index is closing in the psycological 3,000 level ending the day with 3,154... US retail sales came in at -4% a sign that subprime is spreading to consumer spending? For european side, the monthly ZEW economic sentiment came in at 41.7 v 37.8. Today on the FX side GBP shine the most, gaining some foothold against major curriences especially the US, meanwhime USD/JPY fell hit bottom to 106.80s with no end and support in sight, EUR/JPY fall to 158.00s, GBY/JPY fall till 210.70s, carry trade in some pressure now....
Monday, January 14, 2008
Living on credit
Living on credit is not a new idea it started back when credit cards started.. Today people around the world live on credit(just visa or damn it!!!)... Now last week a report on credit reported that US default payment raises to trillion mark. Is it a worrying figure or should we dismiss it to say that is a trend waiting to happen? Do we earn more that we spent or spend more than we earn. This has spark up many authors to write books and get rich scheme. The power of spending is more than the power of earning or vice versa? With inflation going up, gold and commodities going up the world is it really going to a credit crunch? The power of money is decreasing each and every day... Today farming is different... Face with drought and increasing operational cost, the world is also facing supply problem now. This trend will continue down the road. Demand is more than supply now. To sum up, we are now really facing a supply problem, can we solve it before alien attacks us...just joking, good day everybody...
A new perspective
I recently knew 2 friends one male another female...they are both younger than me born in the 90s... After a few times together i came to realise a new trend not only apply to them but in the society as well... my male friend is one who believes everything i say and try to follow me without his own opinion... while the girl is one who is hardworking,thrifty maybe a bit witty. They represent a new trend i call man weakness/women power. My friends around me i saw this trend quite often... With the obama/clinton race hotting up, one can't helps to feel that if clinton wins, the human race will wake up to a new face... Female president going to saudi arabia/the world to shake hands and sign deals will they allow anyway? Just joking.... Back to topic as the race continue(man vs women) more ideas and trends will come alive this world would be more interesting or complicated?
Saturday, January 12, 2008
Summary for week 2
Gold futures briefly rose above $900 an ounce an all-time high before pulling back Friday as growing worries of a U.S. recession prompted uneasy investors to keep buying the precious metal, with the stock market still gripping with fear from the subprime mess and US FED chairman say will act "decisively" + "timely" and promises to cut rates in futures. One question is the fed really getting to the bottom of subprime or just a time wasting technique.. With billion already written down are we going to see worse of it to come? One thing is clear the FED is only concern about inflation and avoiding recession balancing the economy and not solving subprime... it can only be solved by banks and all financial brokerage involved(but no they keep coming out more writedowns)*. Ok to sum up let's see more data coming out next weak to see if there are more weakness to come...
*This are my analysis and not supposed to be used as guidelines. Maybe i am wrong so dont follow the above to trade.
*This are my analysis and not supposed to be used as guidelines. Maybe i am wrong so dont follow the above to trade.
Thursday, January 10, 2008
Gold back off highs
After a few day rallies, PRECIOUS METAL(GOLD) finally backs off its high of 890s. What that it means for us traders....hmmm lets pounder. Another news, GBP slide to new low against USD, is weakness spreading to european markets? Wow with two central bank interest rate announcement tomorrow traders wil take extra cautious step no more lazy trading after so much action in many areas.
Monday, January 7, 2008
Thought of the Day...
A thought of the day... Nikkei 225(Japan stock market) has endured a three-day losing streak both in closing for 2007 and opening 2008... What has been the 2nd biggest economy of the world is really under pressure or otherwise.... Portfolio managers, hedge funds, asset managers, traders around the world is really in a position for a move.. History prove that near new year the stock market will have its bull run... 1 week in is that so? Well to sum up, the old saying... expect more whippy market move this year round....
Experts says: Emerging markets like India and Brazil is a good choice...
Comodities corner: New safe haven? Well with crude and gold spiking new highs every now and then. Let's look at some comodities companies... Rio tinto BHP Bilton etc.... shall we buy? Well i am not really expert in this corner...... I will try my best to understand them...
Things to look this week: Wed: EUR GDP. CAD Chief economist speaks and crude oil inventories. Thursday:Interest rate statement:GBP and EUR and the accompany statement(important) and FED charman bernake speaks(big market move expected)... And some US retail department reporting their sales also important...
Last one: Hang in there guys... Good luck trading everybody...
Experts says: Emerging markets like India and Brazil is a good choice...
Comodities corner: New safe haven? Well with crude and gold spiking new highs every now and then. Let's look at some comodities companies... Rio tinto BHP Bilton etc.... shall we buy? Well i am not really expert in this corner...... I will try my best to understand them...
Things to look this week: Wed: EUR GDP. CAD Chief economist speaks and crude oil inventories. Thursday:Interest rate statement:GBP and EUR and the accompany statement(important) and FED charman bernake speaks(big market move expected)... And some US retail department reporting their sales also important...
Last one: Hang in there guys... Good luck trading everybody...
Friday, January 4, 2008
Smmary for the week 1 2008
Well what can i say... 2008 first week has been quite okay everthing is going according to plan and i need the motivation and strength to carry on (Fighting Spirit)...
Financial corner: Japan Nikkei 225 first trading day drop 616.37(4%). Hang Seng up 2.35% on friday... STI up 40.730 (1.99%). Asia side doing okay apart from Japan again maybe is too much holiday for them start so late... Dow's trade on friday was a dissapointing one... Before the opening bell, NFP(a leading economic indicator) was 18K vs 115k....and unemployment change was 5&vs expected 4.8%. Immediately after that futures drop sharply... If that was'nt bad enough... NASDAQ mostly unaffected by supprime showed that it indeed is what goes around comes around.... futures start with a disappointing start and end the day with -98.03(-3.77%). Never in my trading life have i seen such a large drop in nasdaq. S&P 500 not spared either it is now testing 1400 trendline if this goes EUR,CHF & GOLD will shoot for the moon...
Bonds is also under fire, 2, especially 5 is testing dangerous grounds, 10 years also hanging loose... let's see what the FED does...
Forex corner: EUR and CHF doing best, GBP okay okay but showing some signs of weakness(maybe GBP/JPY unwinding...)... AUD still affected by AUD/JPY. NZD one of the risker currencies also didn't perform much better... Best Bet for now is EUR/AUD... Carry trade stay out but look for good deals as it may snap around anytime.
Financial corner: Japan Nikkei 225 first trading day drop 616.37(4%). Hang Seng up 2.35% on friday... STI up 40.730 (1.99%). Asia side doing okay apart from Japan again maybe is too much holiday for them start so late... Dow's trade on friday was a dissapointing one... Before the opening bell, NFP(a leading economic indicator) was 18K vs 115k....and unemployment change was 5&vs expected 4.8%. Immediately after that futures drop sharply... If that was'nt bad enough... NASDAQ mostly unaffected by supprime showed that it indeed is what goes around comes around.... futures start with a disappointing start and end the day with -98.03(-3.77%). Never in my trading life have i seen such a large drop in nasdaq. S&P 500 not spared either it is now testing 1400 trendline if this goes EUR,CHF & GOLD will shoot for the moon...
Bonds is also under fire, 2, especially 5 is testing dangerous grounds, 10 years also hanging loose... let's see what the FED does...
Forex corner: EUR and CHF doing best, GBP okay okay but showing some signs of weakness(maybe GBP/JPY unwinding...)... AUD still affected by AUD/JPY. NZD one of the risker currencies also didn't perform much better... Best Bet for now is EUR/AUD... Carry trade stay out but look for good deals as it may snap around anytime.
Thursday, January 3, 2008
Oil Breaks through
Finally after much resistance, crude finally breaks through $100 a barrel in first day of 2008 trading day. Much uncertainty hit the market hit the market as traders wait for the FOMC minutes later in the day.
We buy banks...
The year in review.
First stop: England, "Singapore's state investor Temasek Holdings TEM.UL said on Monday it would pay 975 million pounds for a stake in Barclays representing 2.1 percent of the existing share capital.
Temasek said it would pay a further 1.5 billion pounds to increase its stake after Barclays' planned merger with ABN AMRO ."
Second stop : Switzerland, SINGAPORE government investment company that manages the city-state's foreign reserves said Monday, Dec 10, that it will own around 9 percent of Swiss banking giant UBS AG following its investment of 11 billion Swiss francs (US$9.75 billion; €6.65 billion; S$14billion) in the lender.
Third Stop: USA, Temasek, a Singapore state fund, is buying $4.4 billion of Merrill Lynch & Co Inc shares at $48 a share, according to a term sheet on the Merrill Lynch Web site.
Guess which is next? the buy goes on...
First stop: England, "Singapore's state investor Temasek Holdings TEM.UL said on Monday it would pay 975 million pounds for a stake in Barclays representing 2.1 percent of the existing share capital.
Temasek said it would pay a further 1.5 billion pounds to increase its stake after Barclays' planned merger with ABN AMRO ."
Second stop : Switzerland, SINGAPORE government investment company that manages the city-state's foreign reserves said Monday, Dec 10, that it will own around 9 percent of Swiss banking giant UBS AG following its investment of 11 billion Swiss francs (US$9.75 billion; €6.65 billion; S$14billion) in the lender.
Third Stop: USA, Temasek, a Singapore state fund, is buying $4.4 billion of Merrill Lynch & Co Inc shares at $48 a share, according to a term sheet on the Merrill Lynch Web site.
Guess which is next? the buy goes on...
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