Kehidupan di India

Aku dah  naik sangap duk kat Karaikal, India selama seminggu.

Sekarang ni aku tengah join project team untuk handle 1 oil n gas project from HOEC sebagai Cost Controller.

Hiburan kat bandar ni langsung takde.

Orang kat sini semuanya “mendung” jer..

Mak!!! Anakmu rindukan masakan mu…

Hari - hari makan kari mana leh tahan..

perut pun asyik meragam.

nanti aku akan update gambar di India ni.

Yes, the Ship Really is Sinking

I knew something was up when Citigroup shares were hovering just over penny stock territory and the media began to report on a “leaked” internal memo from the company’s CEO. In the memo, Vikram Pandit praised his staff and made the surprise announcement that the company was profitable in January and February. “We are having our best quarter-to-date performance since the third quarter of 2007,” he wrote.

Rather than characterize the charade as the public relations stunt that it obviously was, the compliant mainstream media reported the “leak” as if it were a rare inside glimpse that we were lucky to have found out about.

Following the Citi “slip”, Bank of America CEO Kenny “Bug Eyes” Lewis stated that his bank was also profitable in January and February and that B of A expected to ride out the remainder of the depression without additional help from taxpayers. Great, Ken. Glad that $65 billion was helpful.

Then Jamie Dimon, CEO of JPMorgan Chase revealed that his bank too was in the black this year. Hooray… the banks are profitable again! The depression is over!

Not surprisingly, the market surged on the news, with the financials leading the way. In less than three weeks Citigroup gained 200%, Bank of America was up 150% and JPMorgan Chase rocketed 80%.

But not so fast… it appears that the banks “profitability” is simply another bailout in disguise and further evidence of financial fraud upon the American people by Wall Street and their cronies in Washington.

A blog called Zero Hedge recently published the perspective of an anonymous banking insider which sheds light on the continuing scam.

The government has maintained that it must continue to prop up the former insurance giant American International Group (AIG) because allowing the company to fail would result in a cascade of counterparty losses that would cause the entire system to collapse. Apparently, the goal is to keep breathing life into the zombie AIG until the bulk of the company’s credit default swaps (CDSs) and collateralized debt obligations (CDOs) and the rest of the alphabet soup of financial insurance products are unwound.

It was assumed that this would be at a loss to AIG, of course. But now that the taxpayers are on the hook, it appears that AIG really threw in the towel, settling the outstanding contracts under terms that are extraordinarily generous to the counterparties (the big banks) and extraordinarily unfavorable to U.S. taxpayers, who are footing the bill.

The Bear is not Dead…

I’m not so sure that we have seen the worst of this bear market.  We could be in for another stock market crash in the near future.  In this article, I will explain why the global economic crisis and the stock markets could get much worse before they get better.  Then, I will tell you how to protect your wealth and profit in the current market environment.

Stocks seem really cheap right now, but they could be even cheaper soon.  I suggest you wait for a big washout to jump back in.  It will seem like the market can’t get any worse and that’s the time to buy.

Nevertheless, I think we are seeing a sucker’s rally right now.  The Wall Street cheerleaders that have lost people so much money over the years are now telling us the bottom is in.  Why should we trust them now?  Of course they want the good old days back so they can get their lavish lifestyles back.  Don’t believe the hype.  Look at the facts!

Here are just a few reasons to be a bear:

  • Wealth is disappearing - American households have lost over $12 trillion in stocks, real estate and other assets since the beginning of this economic crisis.  When people have less money, they spend less, and this hurts our consumer based economy. 
  • US home prices are still dropping - Recent data suggests that home prices sank by the sharpest annual rate on record in January, and the pace continues to accelerate.  Some recent housing figures may have been slightly better than expected, but less bad is still bad.
  • The toxic asset problem is not going away - The U.S. government said it will help to take some of these bad assets off the bank’s books, but this is no guarantee that banks will re-start lending.  Businesses still can’t borrow money and therefore can’t expand and hire new employees.
  • Unemployment is getting worse - Last month, the unemployment rate hit 8.1% and many companies are still cutting their work force.  Many more workers will lose their jobs in the next round of corporate bankruptcies which could include GM and Chrysler.  We could hit 10% unemployment soon.

Unfortunately, there is still a large amount of evidence that the economy is headed for more trouble.  The credit crisis is not over and investors should be cautious until they see the fundamentals turn positive.  Right now manufacturing and productivity are decreasing.  Auto sales are still dropping and the construction industry is crippled.  We need a major fundamental change before we can pull out of this economic crisis.

Yen, Franc Decline as Stock Gains Reduce Demand for Safety

March 26 (Bloomberg) — The yen and Swiss franc declined against all of their major counterparts as stocks rallied on speculation the worst of global financial turmoil may be over, reducing demand for the currencies’ safety.

The New Zealand dollar rose to the highest level against the yen since November and the South Korean won strengthened on bets investors will buy higher-yielding assets. The South African rand and Mexican peso advanced against the greenback on demand for emerging-market assets.

“If you look to play this risk rally, there’s more juice to have in the yen,” said Sacha Tihanyi, a currency strategist at Scotia Capital Inc. in Toronto. “This is a bear market rally, but it’s showing incredible legs.”

Japan’s currency declined 0.7 percent to 133.38 against the euro at 10:24 a.m. in New York, from 132.48 yesterday. Japan’s currency depreciated 1 percent to 98.48 per dollar from 97.54. The euro fell 0.3 percent to $1.3538 from $1.3583. The Swiss franc lost 0.2 percent to 1.5264 versus the euro.

The yen fell as much as 3.3 percent to 13.54 won and 3.2 percent to 57.07 versus the New Zealand dollar, the weakest level since Nov. 11, as the boost in stocks encouraged speculation that Japan’s investors will seek higher-yielding assets overseas.

Why the Most Famous Bear Invest in Stocks

The revelation of the week in the mainstream press was the 11 people who got million dollar retention bonuses from AIG and no longer work for the company.

But the revelation of the week among financial bloggers belongs to the King of Bears, Dr. Roubini, an economist at New York University. He’s also known as Dr. Doom.

He’s been predicting for years that the economy was headed for a hard fall and that the market would get crushed.

The revelation isn’t that he’s changed his mind. He thinks there’s much more unwinding to do. He’s as bearish as ever…

The surprising revelation is that 100 percent of his savings is in stocks. Why is Roubini saying one thing and doing another?

First off, Roubini’s odd investment choice was first revealed last year in the Financial Times. So it’s not really breaking news. But the issue it raises is very timely…

Is buying and holding stocks just plain stupid? How can you be a bear and still invest?

Nobody is as bearish as Roubini. Does he know something you should know?

Let’s start peeling off the layers of the onion and see what it reveals…

First layer. The most basic fact of stock markets is that over time they go up. The caveat here is that they can be flat for a decade or more.
Second layer. The investments which are killing you are the ones you made while the market was peaking in 2005 through 2007 and you were buying stocks at their peak.

Your more recent stock investments have been much less damaging. In fact, if you’ve been investing during the last two weeks, you caught the market while it was making a 20 percent rise. Your returns should be pretty good.

Third layer. The money you put into stocks tomorrow may see a rise or a dip. Nobody can say for sure.

But, as an investor, you should always take into account the probabilities – including downside risks and upside benefits.

As for the downside, the S&P 500 lost 40 percent in the last year. The chances of it losing another 40-50 percent are remote, especially compared to this time last year.

As for the upside, the lower the stocks go, the greater the chance of a rally. There’s a name for this. It’s called the law of small numbers.

As stock prices get smaller, there comes a point where the probabilities point to rallies. And once they start to rally from their low base, it doesn’t take much to accumulate big gains.

For example, let’s say you bought 1,000 shares of a stock which has sunk from $10 to $4. It doesn’t need to make up all or even a majority of its recent loss to generate sizable gains.

The stock lost $6. If it just makes up a third of that, you’ve made another $2,000 (or 50 percent) on your $4,000 investment.

By plugging into the law of small numbers, you increase the likelihood of participating in big money-making rallies.

Is that why Roubini is in stocks? He doesn’t say. He only explains that a lot of his income is in cash, while his savings are in stocks.

But Roubini is a very smart guy. And I don’t believe he’s a hypocrite. As a bear, he obviously thinks stock investing is a compelling strategy.

I agree. But I don’t think you have to rush into stocks. I think the market still has another major down leg to go, and once that happens, the law of small numbers should begin to work its magic.

Hello World!

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