watch
this.
abt the "geek who changed the world".
well i call him a genius.
a lucky genius.
everyone needs a bit of luck. dont you think??
life sucks:
sometimes you wonder if yr choice is right.
but the saddest part is, you wouldn't know until you have tried it.
life's great:
when you got it spot on.
its time for me to decide.
=(
oh.
some dude just
sold his entire life on ebay for £192,000.
is that even legal?
HAHA.
thats a real SL.
anyway. i just ended work.
not knock off but my contract ended and i didnt want an extension.
im definitely gonna miss those peeps there. but not the work.
haha.
you know, i learnt that having the right kind of colleagues is as impt as choosing the right wedding ring for your wife.
it can make you love/hate your office (or, for the wedding ring case, make her love/hate you)
note: not yr job, but yr office.
so yeah. my colleagues were great and im gonna miss them.
and i bet they will miss the wonderkid (thats me!!) too.
HAHAHAHA.
oh shit. the birthday calculator thing is true.
the birthday calculator..
i cant believe i actually did that.
but it was surprisingly accurate to an extent and im pretty sure yr will agree to this:
Maple, Independence of Mind
No ordinary person, full imagination and originality, shy and reserved, ambitious, proud, self-respect, hungers for new experiences, sometimes nervous, many complexes, good memory, learns easily, complicated love life, wants to impress.im not going to make any comments on them..
anyway. theres some fun facts at the bottom:
In the US a new person is born approximately every 8 seconds.
In the US one person dies approximately every 12 seconds.
for those who are good in maths,
for every 24 seconds 2 persons will die and give birth.
and theres more ppl being born than dying.
wow. see, interesting.
Your age is the equivalent of a dog that is 2.81682974559687 years old.erm....
very anal information.
but it wouldnt hurt right.
haha.
anyway. for brief market news.
in case you havent notice, we are in deep trouble.
shares are sinking like the titanic..
dollar dipped..
optimism is failing..
exports are hurt..
so yeah, f##k OPEC.
im $7.01 off my prediction. wth man.
$6.50 by end of next week - thats the new prediction.
the bears are out.-bYe-
quote of the day:
wf - jy: "you know it didnt occur to me that 1988 was actually a leap year."
OH MY GOD! the year im born was actually A LEAP YEAR. how could i not thought of that?!
12:06 am
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well well.
another week has passed
and my passion to tell yr abt market movement has died. literally.
im serious.
i give up.
its nothing to do with you guys.
its just..
i give up.
i swear i will nvr mention anything financial here again, EVER
of course that doesnt mean the fire in my belly has died.
im still as persistent to know more abt the world as ever.
maybe thirstier.
im really thankful having this brain. ok, sounds strange.
anyway.
had my seafood (OH MY GOD. FINALLY.) dinner on friday.
thanks to emily sngmui and sm.
love you guys.
girls*
hey.
can you ppl guess what on earth is this animal supposed to be?
looks like a deeog (deer + dog) to me.
in case it looks familiar to you and you are racking yr brain for an answer...
its the logo for the democrats.
well the republicans' are an elephant.
which made me went "wth?!" for abt 4seconds.
whoever heard of an american elephant?
i only ever knowof the african and asia species.
and they differ by the size of their ears, tusk and body size.
(all thanks to national geographic! haha.)
oh other known species were extinct at the last ice age.
so yeah.
beats me why on earth they chose an elephant as their mascot.
a panther looks cooler, dont you think?
like RAWR!
lol.
oh yes. i have to clarify and offer my apologies for something.
ok see.
i cant tell you how proud i am of my profession.
i really love the course.
and if i seem abit, well, critical on ppl who are taking finance without real passion for it, please forgive me.
i just felt that they are ppl who are simply "going with the crowd".
what do they know abt the world of finance? its ALOT more than reading from yr notes and books.
(read this)
i do not despise nor do i detest them.
i know i have no rights to comment.
its just..
aiya.
dont think ppl who reads my blog will ever know what i mean.
oh well.
go ahead put this into yr "things i hate abt wf" list.
i dont give a damn.
anyway.
just now..
i was walking for supper with shu and peiyi and we started talking abt our sec school days.
laughing at my renowned laksa-war with xiuhao =.="
and my infamous encounter with a SL (siao lang; crazy ppl) who dared call me TTM.
wtf.
oh! the injustice dealt upon me!
and of course all the other stupid stuffs we did....
reminiscing the past like what we used to picture only old ppl doing, maybe over a game of english chess or a cup of earl grey.
and i cant quieten a voice in my head shouting "oh dammit. we are old."
ARE WE??
goodness.
im 20 this year.
getting difficult to type our age with one hand.
not that 19 is any easier, but still! im freaking 20.
no way.
i refuse to accept this.
REFUSE.
in any case, my birthday is in october.
i may not be getting any younger but....
*i have decided to erase this part due to certain unpleasant contents*
so yeah..
alright i have to go.
waking up at 7am tmr.
=.=
wish me good luck ppl..
-bYe-
i just noticed that this is the third time in three entries i start with a "well"
O.O
Q.O.D: "you cant spit in the wind."
haha.
thats an investment tip actually.
go figure.
12:02 am
____________________
well well.
seems like my prediction is coming true.
after crude dropped ard $5/barrel 3 days ago it rallied $11 today.
(after the NFP report)
its $139/barrel now btw.
my prediction was based on stronger demand, bullish investors and a weaker dollar.
(which means a my other 2 bets abt euro and sing may be right)
one thing i wasnt expecting was the NFP report.
its was, one word: unexpectedly disappointing.
ok. FYI, crude actually traded for $10/barrel 10 years ago.
yes! freaking 10bucks and you get a barrel.
with perhaps free ice cream or something.
so had you just thrown 100dollars into oil futures you would have $1300 now.
but you wont.
coz its irrational and impossible.
haha.
anyway.
im damn tired.
*to be continued*
5:28 am
____________________
well i have made up my mind.
i wont want to be a futures/forex/indices trader afterall.
i rather do the analyst job. be an investment banker.
i think its more me.
=)
cheers to you mel.
and just in case you forget the rates:
1% for friends.
2% for flings.
3% for girlf.
4% for wife.
ok.
i know this blog is fast becoming a nominee for "most changed blog (for the worst)" award and its getting more and more boring by the second.
well just bear with me?
or you can take it as a process of growing up.
=D
anyway.
am i lagging out or has the world just got colder?
since when has friendships been about making use of each other?
i wouldnt call those friends.
on ANY account.
i mean.
go to hell man.
11:59 pm
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economics for idiots.
Sunday, June 01, 2008
you know.
im starting to get REALLY obsessed with market movements.
and more and more so.
and this entry will be abt it.
so you can get out of here if you want.
and i have no intention of changing this mindset because 10yrs later i will see if my reactions to market sentiments are still the same.
right.
in case you dont know. oil prices are escalating right??
well. no actually.
it has dropped for the past 2 days.
by approx. 8dollars thereabout.
why has it dropped?
ok lets just say that ppl are doing what we call "profit taking".
its the same as buying shares. say you buy a share for $2 and its now $3, naturally emotion will take over and say "sell that now!! or you will regret! bird-brain!"
see. its human nature to be kiasu and scared.
if you look at it carefully, OPEC hasnt really dropped their supply drastically and stockpiles are more or less the same so its just investors' gut feeling thats adding up to the volatility.
so with more sell orders, prices are starting to fall back to its equilibrium.
and there you have it: oil at 127 per barrel.
for how long?
we can only guess.
and my guess is abt 1-2week. maybe more, maybe less.
you may notice that stocks have rallied alil' because of this. why?
well simply because company are confident that lower oil prices wont eat away that much of their profits.
but anyway
yes, as compared to last year the px of oil has indeed more than doubled.
--> O.O !!!!
haha.
well anyway picking up where i left yr, abt the sub-prime crisis and depletion of the credit-market..
and i was talking abt inflation and all..
which is like the BIGGEST problem central bankers are staring at now.
yes NOW. even as you are reading the most boring piece of work ever.
see US may be able to avoid a recession but can the world deal with inflation?
one cause for concern now is prolly the cost price spiral.
or cost/wage spiral, whichever you prefer. it means the same anyway.
ok basics first.
what on earth is inflation??
inflation is simply a rise in price of goods over a period of time.
a can of coke may cost $1 now but next year it might be at $2.
thats inflation.
the opposite of inflation is DEflation.
and is different from DISinflation.
(dont worry i wont talk abt that now. just focus on INflation for the mo.)
so whats the big deal abt inflation??
well it eats into your investments (well maybe not now, but in the future).
how??
for example.
you buy a 1year CD for $100 with i/r at 5% per annum.
so you expect to get $100 x (100% + 5%) = $105 at the end of next year.
earnings = $5
BUT if inflation is at an annual rate of 6%, and you (stubbornly) buy the same CD.
you will get $100 x (100% + 5% - 6%) = $99
loss = $1
see? the purchasing power of your initial has $100 fallen.
understand?
so how?? next time cannot invest ar?
then die liao lah?
what you can do is, ask yr investment banker to calculate the REAL rate of return (RRR) for you.
or you can do it yrself. its not that difficult just consider the effects of inflation and add that in.
dont have to die.
really.
ok check this sentence out.
"....some people believe that investments in real goods, such as a home, are protected from inflation. This is because the value of a real good is determined to a large extent by its intrinsic nature, as opposed to money, which is valued only for what you can trade it for. If inflation is high, the price of a home or a car may simply increase at a similar rate, insulating it from price erosion. The same cannot be said for a 10-year bond (i will explain whats bond next time). As a result, some investors seek protection from inflation, and investment options which do just that are becoming available."
and ALL these inflation stuffs bring us back to the main thing i wanna talk abt before i started typing the novel above: cost price spiral
haha.
see its really difficult to clarify a financial term without going a big round because it involves so many other terms.
well unforttunately.
i have no time to explain cost price spiral now.
=X
you can check it out on the internet and ask me if you dunno anything.
sorry. i was too optimistic to think you will even try. so until next time then!
quote of the day? (for jooyun)
"eh. i tell you a phrase i learnt today: 'i take my hat off you' "
hahahaha.
thats what we heard a poly guy telling his friend.
can you believe it?
i learnt that in primary school man.
so.
the REAL quote of the day?
"the smart gets smarter and the dumb gets dumber"
in resemblance to "rich gets richer...."
oh. and if you have a bundle of cash at hand and you want to try investing, i will advice you to look at (nope, not china or india. nor vietnam) the Russian stock market.
i will explain next time.
-bYe-
PN (personal note):
cost price spiral.
bonds.
TIPS.
Russell 2000.
4:43 am
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