This One's for the Bears!

Mark it down in your diary. By far the worse trading day of 2007. Even Moses would find it difficult to pass through this Red Sea with the bears in hot pursuit.

Global Economics-that is the name of the game. One screw up in the Great USA and the world gets influenza. They have fun and we get AIDS. And so it is with Bursa KL. When will this sub-prime problem come to an end? Is it going to be a perennial issue and we have to dance the cha cha to its troughs and dips? Bursa hardly got back on its feeble feet from Friday's blitzkrieg and yesterday it performed but platonically without joy. Today it is again taken to the slaughterhouse to be lynched. Silence of the Lambs. But why-lah, pray tell ?

The Composite Index got a drubbing of its life, losing at one time 44 points. Little comfort though, when it ended down 34.22 points to 1339.49. Cigarette manufacturer, BAT had a good smoke finishing well ahead by 77 sen. Remotely heard Timwell took on 32 sen and MISC sailed up with 25 sen. Elsewhere PetronasGas burnt bright adding 20 sen. As forecasted, Tanjong also rode in with a 20 sen gain. Losers-take your choice-lah... DIGI phoned in with a 60 sen loss and RHBCap wrote-off 50 sen. Elsewhere SPSetia deconstructed 50 sen and so did SAAG.

Potholia is now the nomenclature for stocks held in my purview. Sucks big time, most of them. Let us tengok-tengok and jeling-jeling them.

Resorts World takes the gold medal, losing 12 sen.
Genting took the silver medal with a loss of 10 sen.
The third place bronze medal was won hands down by Jumping Jaks Flash,losing 9 sen.
First consolation prizes were presented to Welli, RCE and BJ Toto, all hilang 8 sen.
Losing one sen was Metronic-Global at 21.5 sen. The bulwark was broken again to 21 sen. We will have to give you a participation certificate sahaja-lah since you did not finished too badly;only a small bruise on your little finger.......

Cry,baby,cry. Will you cry again tomorrow and the day after that?

Is it the beginning of bear season spooked by the sub-prime mortgage monster?

Have we come full circle since the meltdown of 2007 as we see the West mired in its own financial Sodom and Gomorrah? Must we pay big time for their follies?

Quezas,quezas, quezas.........

Heartsong