Wednesday, January 23, 2008
Pacific Coffee
I am right now at pacific coffee writing this wretched post of mine.
The market is really bearish for the past 2 weeks. Today after the US cut rate by 75 basis points I start to sense a bit of light for those stocks I hold. I hope this is not short term.
At work, I can really sense the uncertainty that people is having. Both the selling and buying is as strong. Of course in the end selling wins......cos the price is pushed down towards the end.
The outlook of the economy? It is definitely bearish......with the rising costs of living in Singapore which is suppose to be back by our increasing salaries.....no longer holds.....I ballot 3 times to get a 450k flat yet I am still out bid......come on......people are now willing to pay almost a million for a hdb flat....this is madness.
So what we have an increment for our salary?! the 10 % increase is used to pay for the 30% increase in goods and services. ERP gantries everywhere to trap u. SO? better stay at home and rot.
The luncheon meat now costs my mum 2 times as compared to the past. (now worse no more China luncheon meat).
WE WILL SURVIVE!!!
ooops...
The market is really bearish for the past 2 weeks. Today after the US cut rate by 75 basis points I start to sense a bit of light for those stocks I hold. I hope this is not short term.
At work, I can really sense the uncertainty that people is having. Both the selling and buying is as strong. Of course in the end selling wins......cos the price is pushed down towards the end.
The outlook of the economy? It is definitely bearish......with the rising costs of living in Singapore which is suppose to be back by our increasing salaries.....no longer holds.....I ballot 3 times to get a 450k flat yet I am still out bid......come on......people are now willing to pay almost a million for a hdb flat....this is madness.
So what we have an increment for our salary?! the 10 % increase is used to pay for the 30% increase in goods and services. ERP gantries everywhere to trap u. SO? better stay at home and rot.
The luncheon meat now costs my mum 2 times as compared to the past. (now worse no more China luncheon meat).
WE WILL SURVIVE!!!
ooops...
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