You're absolutely right. Long term jobless-ness is a big worry.
And also - there is growing evidence that many companies have cut-back too brutally and may need to re-hire very soon...as you said.
Short-term it's good for earnings though....

Time to look at mesdax he he he....

The Mark Twain effect is the phenomenon of stock returns in October being lower than in other months. The name comes from the following quotation in Mark Twain's / Pudd Wilson: "October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February."

The 1929, 1987 and 2008 stock market crashes roughly occurred in October.



This post has been edited by mazda626: Oct 3 2009, 12:16 AM

"Stocks fall as job losses rise more than expected" --> "Stocks recovered despite mounting job losses" --> "US Stocks Modestly Lower After Paring Earlier Losses" --> ???

America is the 1st country to be eliminated for the Olympic bid!

hoooray!!! today finally dare to clear my super junk S A A G and bought gens-c1 @ 0.3...
currently only two stock in hand...g.13 and gens-c1.....

This post has been edited by .:BreT:.: Oct 2 2009, 11:35 PM

Tokyo also out.. its between Rio and madrid now..
IMHO they should give a chance to Rio de Janeiro... first Olympic in South America~~~
lets see is DJ is affected by the news...

HOW much you sponsor to BURSA? -5K?

if i were to buy call warrant, would go for klk-ch / cimb-cf with close to zero premium, slow and steady, or can also consider bursa-cl/cn...
few ppl around me kena stucked in gens-c1, suffering mental torture everyday even though if holding for long term should be fine

yup 5k.... hehe no eye see liao
zaman do u plan to sell?


i thk anyhow definitely better than saag.... if hold long term still ok!

This post has been edited by .:BreT:.: Oct 2 2009, 11:44 PM

eh eh.. if buy from maybank2u then not entitled to go for AGM 1 ar??
what if buy via OSK?

Not yet, still calculating the odds.. -11K is a big sum for me..

Can la....restart, then earn more from others. 11K easily cover back, if you have about 100K capital

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Added on October 3, 2009, 12:16 amLong term for call warrant? Mana ada people play like that?

This post has been edited by jasontoh: Oct 3 2009, 12:16 AM

nola hehe my long term is half year, only got 20lot... if warrant zzz means my g.13 oso byebye

This post has been edited by .:BreT:.: Oct 3 2009, 12:23 AM

This is indeed true, at my area, factories and company are struggling to hire back people to meet the sudden rise in orders. They are having not enough people to produce.

You can't blame the brutal cut back early in the year, as there is almost no order or little order across and price of goods are tumbling fast, even my company's one of raw material, price tumbling near 50% over 3-4 months time, imagine those stock up a lot one, surely suffering.

You don't cut your expenses, you might not survive if there is no huge stimulus package to stimulate the economy. Company need to act quick whenever situation change. Company might earn less due to unable to meet the demand, but if company doesn't react in the first place to cut, if situation doesn't turn better, without the cut, company might not able to survive in the first place.

Well - that's absolutely right.
Good companies will respond very fast which may mean suffering for employees.
But it is a survival game. And the fittest survive.
Cost/Overhead cutting is where most of the last quarter earnings come from in good companies - productivity is increased and higher efficiencies....IMHO

Also: management must focus on real issues.

Hiring and training new workers will take some time.
My point is that for investment these so-called unemployment numbers may not be a bad thing.

Also - good companies with astute management will emerge leaner, fitter and more profitable....

<Just my opinion only>

This post has been edited by David_Brent: Oct 3 2009, 12:34 AM

Yup, this is what happening now, increase productivity and squeeze out more from existing left workforce.
For shareholders POV, this is good thing.

Economy, stock market, company is not charity game, always must react quick for survival.

After all, it is not totally bad thing. Every event happening has its good face as well. Just like if not the 1997 Asian crisis and its lesson, Asian countries won't be that resilience to face the current global crisis.

But for broader and longer term sense, it is not that good, without more people being employed, you don't increase the demand as no job, no money to buy new toy. There is limit how much you can cost cutting and productivity increment, you always need increment in sales to bring the profit to a new higher level. Without more job being created, the sales prospect won't be that good.

This is the biggest worry - no doubt.
But - if you're treating a patient with multiple injuries, your first job is to keep him alive and breathing. Then get him walking and eating properly.....

The 100meters race or training him for the marathon can come later.

The toxic debts and derivatives that created this whole mess are going to take years to get rid of....
As investors, we have to react to circumstances as we find them...but I agree with you - without consumer demand - the recovery will be very fragile...

This post has been edited by David_Brent: Oct 3 2009, 12:46 AM

depends. from what i know is:
if your's a direct cds account then toto will mail agm papers/dividend directly to u.. and the proxy form is there too..
but if your account is a nominee account then im not sure what to do... maybe like other forumer said, u gotta go to maybank and get the form, etc..

Officially I am Citibank shareholder now holding 115 shares.

So I am the boss now..

Hope you do a better job for the shareholders than the current numb-nuts who is sitting in the boss's chair!