Monday, August 06, 2007

Monday before national day

My joints are stiff am sleepy. È buzz of the bull has faded. I can feel it in è air. Some how less traffic and people about over the weekend. Psychological? Maybe. But the market did lose billions of dollars. I wonder how much of that is from retail investors?

STI is down 100 points and declining. Markets across Asia are in a sea of red. All reacting to the US credit bubble, delinquent sub-prime lenders. And so history repeats. Mans greed.

So some finance genius or group figures out how to pass these risk to investors by turning these debt repayment to bonds with fancy names, dividing them, repackaged and sold to investors.

Well, its the start of National day week. And markets are red. But I bet STI at least will turn green just for National day.

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