Was watching CNN last week when Fed announced they will throw in their weight to save AIG ... and instantly announced an auction for debt...
!!! the analyst looked shocked and said this is something all of them has not seen in their lifetime...are we going through the begining of the Great Depression 2?
Decisively, the shares plummeted the next few days abeit a reprise after a hilarious 750 billion appeal to bailout those rich bastards..
SPH shares dipped below 4 - till 3.8 plus....my chance for a defensive stock and a few clicks and I am owner of 10 odd lots...keeping my fingers crossed and hoping there will be more bargains soon...
On the property side, I am pleasantly surprised to find my EM back to its former glory :P
Last transacted EM in Teck Whye Lane has crossed the psychological price of 400k..
With my boss promising a sweetener for my China stint...let's pray there's hay to be made for me even while the sun don't shine!
May all partake in the art of giving money out...verily I saith unto you...ten times of what you give will be rewarded to you..
Talek Deshi.
Sam
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