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Wednesday, March 18, 2009

Heading Up?

So the stock market has been generally going up for the last few days, in Singapore at least.

The STI just went up the 1,500 mark again. Seems like it won't stay below 1,500 for long. In particular, I was watching CapitaLand's stock last week. It went from $1.79 last week to close at $2.13 just today. Let's just say if anyone had bought 1000 lots at $1.79 and sold them all today, they would have made $340,000 in less than 7 days.

According to its CEO, Citigroup has been turning in a profit for the first two months of 2009. This news sent Citi's stock soaring last week.

Are we seeing the end of the crisis? I really wouldn't know but I highly doubt so. I believe we need to wait for the first quarter 2009 reports to come in before making any guesses. Jobless rates are still very high all over the world and Australia seems like it is just headed for a recession.

Ah well, we will have to wait and see. Anyways, I've been super busy with projects this past few weeks. Got a deadline this Friday, then two the following Monday and another one 3 days after that. Not forgetting the lecturers are not easing on the quiz. Really.. Drowning in the workload.

Interview has been postponed to next Tuesday because the interviewer got tied up with something else. Also applied for REIP today. Have to secure an internship this holiday so really keeping my fingers crossed. Otherwise I will probably look for some part-time jobs and go for summer school overseas. Either Canada or Germany. Still, internships come first.

Wish me luck! =)

2 comments:

Scorpio said...

If you really dump in that kind of money to buy 1000 lots... I think you will be too anxious and won't wait till it go back to 2 bucks den sell...

This is life, where talking is easier than doing...

bvqeblf said...

haha yeah but i'm just saying the possibility is there. i understand that not many people can stomach the risk thou haha =)