Stock Alvanache!!!

This is a horrible day for investors around the world. Due to the fear US economic will enter recession stage. Although it was holiday in US yesterday, DOW future was down to 650 points. Therefore it triggers all global markets today. As you can see all in red, you have not seen this since 911.

My stocks, fund and gold investment are under the water now. In all I don't make any extra money for past one years. Can I say I am luck? Ahh... Hard to make money!

Need to hold myself from putting money into markets.

Investment Notes

Oil price is hitting 99.62USD/barrel therefore Gold price jumps into $860/oz! So presumably all stock market will be slump today.

But why oil price will go up again?

Here is what I find from AP.
[Violence in Nigeria helped give crude the final push to $100. Bands of armed men invaded Port Harcourt, the center of Nigeria's oil industry Tuesday, attacking two police stations and raiding the lobby of a major hotel. Word that several Mexican oil export ports were closed due to rough weather added to the gains, as did a report that OPEC may not be able to meet its share of global oil demand by 2024.]

And this makes it worse.
[The White House on Wednesday said it would not release oil from the nation's strategic reserves to drive prices lower.]

Based on supply/demand theory in economics, oil prices are most likely going higher in 2008. China and India are the most consumers of crude. Beijing will do whatever it takes to keep China stable in order to held Olympic game in this summer. And no reason to think why India will stop her economic growth.

Gold price has been predicted to exceed $1000/oz for years. Green energy and alternatives, like solar power, will be considered by many companies in a long run.

First working day

First working in 2008. A little bit busy at the office and a huge argument with a colleague about miscommunication of work arrangement. As a matter of fact, not happen quite often in my workplace. Simply she is not willing to assume the job that even her boss doesn't appreciate much. After a long discussion, I give up depending on her coordination effort for new hire. The sense of control of my job is back to my hands now. Although have to spend some time to arrange a training, but it is worthy.

There is no snowy days in my city. However it is cold enough to let people put on heavy coat including wearing a mask. It is only about 10C in the streets. First the coldest weather since entering this winter. Hope it will become warmer soon.

Happy New Year!

Let me be cliche. Happy New Year, 2008.

"Happy New Year to you too. All the best for the coming new year. I wish you health, love, happiness and wealth" is from my best friend at the very moment when a clock hit 2008. Wish our friendship last forever.

It will be a great year ahead I believe.