Financial Meltdown and Rally
What a rollercoaster week it had been for the financial markets. First, Lehman Brothers take a hit, sending the markets into a tailspin, followed by Merrill Lynch and AIG. Bank stocks in Singapore plunged before bouncing back.
Some of the events affect us. If you have AIA insurance policies, you may have been feeling very worried whether your policies are safe. Those who bought DBS High Notes 5, would be thinking whether their entire investment would be gone, as so long one of the companies went belly-up, the structured notes would be terminated.
With the huge bailout from the US government that is supposed to be hundreds of billions, Asian stocks rose on Friday. At this point, I still feel they are at an extremely volatile stage. Enter the market at your own risk. Oil prices and gold prices moved up again.
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[...] the Lehman Brothers saga, and the High Notes and Minibonds issues, one word that stood out was [...]