Crisis Talk

good morning. or it is not that good eh?

greece's PM stunned the whole world yesterday with his decision to put the rescue deal to a referendum. i'm neither an economist nor a qualified person to give good opinions/technical advice on the matter but the following are my views:

1. it appears to be just part of the game, a well-crafted plan among the economic powerhouses (in this case US and the Euro Zone and maybe China also plays some part). apparently, there must be some parties making huge money from the ups and downs of share markets and speculations over currencies.

2. reason being it is just part of the game: it has been a "tug of war" among the US and Euro Zone. few days earlier, they scratched their heads finding formulas, digging up their banks, pleading for help from China (this is where they come in) and yesterday, a so called country on the verge of bankruptcy, in other words defer (not to say decline) the so called "hard-fought rescue deal" for a referendum.

3. subsequently, the whole wide world went to shock, stock market tumbles everywhere (including us of course), panic is everywhere.

4. and the boys will be sitting down again to find ways out of this beautifully crafted predicament.

5. and so another cycle begins. have we seen enough of this drama?

whatever. today market is down. my picks are:

1. Air Asia (5099): as low as 3.58 when market opened. grab it while stocks last!
2. Sapcres (8575): secured lucrative RM 4bil brazilian job. it is quite undervalue and still some room to go higher.

happy trading.

:) rogue trader