Cheap Stock Sale Finally Here?

1:00am: I guess so as US president Obama is trying to blame banks for causing this housing bubble and the bailout was solely to help banks using people's money. He wants banks to pay back the price for sacrificing the entire nation for their failures. Most importantly, he is trying to prevent the next bubble caused by those reckless banks by imposing regulatory changes to banks. What a heroic thing to do. Although I am a shareholder of Citigroup, I salute you, Mr President. The extreme greed in Wallstreet should not be tolerated. We are not the slaves of US' Wallstreet. Prudent regulation is the key for the survival of capitalism.

This is similar to Penang's initiation to push for "plasticless" Monday. A group of plastic manufacturers urged Penang's Chief Minister to take back this order just for the sake of this small industry. What a selfish thing to ask for. Those businessmen just take care of their own pocket and sacrifice the entire state. Luckily the Chief Minister knows what is right to do and firm in his stand to protect the environment. I salute you too, Mr. Penang Chief Minister. Money is not everything. What is money if your kids are plagued with higher risks of cancers that can be easily avoided and plastics that is hard to be recycled?


However, this may only cause a short-term panic to the stock market unless the US unemployment rate is up again which will be announced in the coming weeks. This announcement by US President Obama is unprecedented. That also caused the rise in VIX, USD and drop in commodity prices. The stock market may need some to adjust to this sudden change. Stock markets could suffer a shock. This could also be a good time to collect some stocks with good profit and growth if they fall substantially for the next few sessions in KLSE.