Ugly .....Uglier.....

Thats what the entire markets is spinning towards. A horrid situation which will eventually find its way to the shoestrings of men on the streets. I sense it for certain. 1 mth back, the malls started to quieten a little. Impulsive shopping purchases is starting to become apparent. Time to tighten our belts. I didn't want to shop much in aussie land, neither in hk, although the latter was well known as a branded goods paradise in asia.

Merger of Banks, Nationalisation activity and bailouts do not portend well for the future. Jokingly with fellow colleagues, we remarked about the lack of future employers. But am thankful that i still have a seat in the dealing room. Perhaps its sour grapes, but, i do a glad that this systemic meltdown highlights to the regulators about the toxic pdts. Fair enough, human beings are greedy. The higher the margins from a sale, the better it is.

Pack 'em in! Pack 'em in!! Voila a perfect structured pdt/derivative which meets all your needs! Lovely!

The sales person gets the keep of commission and the client has his desired needs met. Why not??

Anyhow, i know this is a sick thought. But i do feel tat its good this situation has happened. Time to turn the tables around!