Everybody is talking about Obama vs Clinton, but maybe not so many people talk about Ron Paul. He seems to be the only person who is addressing the real issues with US economy. This man has already campaign himself via internet long before anyone else. I think he should get a good mark for this.
I admit I have not been following much of the US presidential election campaign. I don't know nuts about the candidates. However, just watching Obama and Clinton on youtube, I find that Obama is more charismatic and can connect better with the people (just my viewpoint, no offense to Clinton supporters).
From what I gather reading people's comments on some sites, however, Ron Paul seems to be the only guy who understands the problems with US economy. He knows how to ask the right questions as you can see in the following videos (politely but maybe not as strong as some people preferred here).
This is perhaps an important piece of news for investors in Malaysia stocks. Today, the Kuala Lumpur Composite Index (KLCE) fell as much as 10% to 1166.32, suspending the trading for an hour. As reported in reuter news, stocks linked to the federal government such as Sime Darby, the market's biggest blue chip, fell by 9.6%.
Warren Buffett, currently the richest man in the world now, has this famous quote, "Be fearful when others are greedy and greedy when others are fearful." Now, when the stocks are beaten down like that, is it a good, buying opportunity? If you had closed your position before this and are using the buy-and-hold approach, then it makes sense to buy. But then, you never know if the market might go down some more. So it is probably better to buy a bit as it moves lower to average out your purchase price. And perhaps use some technical analysis to determine a good market entry. Which stock should you pick? (Also, I think it is important to monitor the US market indices as well. IMHO, I think the world market is not decoupled from the US market.)
Nevertheless, we are just beginning to see the effects of the election results. The market is reacting this way because it is uncertain of the political stability in Malaysia. How long is this going to last? Maybe as soon as the media starts to trumpet good news. After all, as noted by Garfield Drew, "Stocks are never sold for what they are worth, but what people think they are worth." Hey, maybe some smart aleck can start using the internet platform or blogging power to trigger a positive sentiment, eh?
Just joking. No, it's not funny. Oh well, maybe, like the investors, we'll just have to wait and see.
Disclaimer: The above is not a recommendation to buy or sell, all suggestions mentioned are purely for academic study purposes for our trend trader club members only, and the author may have personal interest and position in some of the examples mentioned. Any losses incurred if you were to trade base on the study examples above is solely your own responsibility. Do consult your dealer before taking any action.
Now that the election is over, how will the dust settle? The ruling coalition (Barisan Nasional) wins by a simple majority (136 out of 222 seats), losing 5 states (Penang, Kedah, Perak, Selangor and Kelantan) to the opposition. I am curious how come BN has a clean sweep of Sabah though.
I think the message is clear. The people (rakyat) is not happy with a number of issues. The Prime Minister Abdullah Ahmad Badawi will be under a lot of pressure this coming few days. Some of his cabinet ministers and high-ranking officers have lost their seats. Actually, the attacks have already started from all corners: including former Deputy Prime Minister Anwar Ibrahim, foreign media and former Prime Minister Mahatir Mohamad.
I can't help but remember a chinese saying which states something like it doesn't matter who is the new ruler, the old problems will continue. Does anyone know the exact phrase?
Let me ask you a question. If you see a half-drank cup of coffee sitting in front of me, does it necessary mean that it is mine? Would you 'accuse' that it is mine? Would you believe me if I tell you that I just got here and the waiter has not cleared the table.
Sigh, in politics, you can never take anyone seriously......
interesting links: nice blog with rtm live streaming: powerpresent blogger's youtube videos...(used to read about the Mongolian victim's stories here.
Ah, just the election song lyrics I have been looking for. You can also listen to the catchy tune here.
Mari Mengundi
Lyrics:
[refrain] Marilah mari pergi mengundi Jangan lupa kewajipan pada negara Marilah mari pergi mengundi Jangan lupa kewajipan pada negara
[verse 1] Hari undi akan tiba, kekalkan demokrasi Gunakan hak kita semua yang asasi Fikir terlebih dulu, dengan akal bistari Sebelum membuang undi yang dihargai
[repeat refrain]
[verse 2] Jangan lupa Kad Pengenalan, serta nombor daftar undi Masa tidak kerugian membuang undi Bila memangkah kertas undi, harus kita berhati-hati Kalau salah tak berganti, sesal sendiri
There has been an ongoing argument that blogging is dead and the reason is that other people can steal your content. Ironically, Google punishes you instead and reduces your page ranking in a process called Googlewashing. Unfortunately, plagiarism is something that even happens at the highest level. Most recently, a senior White House aide was caught in the act (CNN news) and exposed by a writer/blogger named Nancy Nall.
Regardless of that, I take delight in reading many good quality blogs. Some are educational, some are informative and some are entertaining. Currently, the general election in Malaysia seems to be a hot subject among bloggers. From my survey of the blogging community, I found out that the majority of bloggers are concerned with many political and social issues that existed under the current government led by the coalition party.
Some humor would be good in the current light. The following blogs - A Daily Obsession and Funny Malaysia led me to some youtube videos poking fun at Malaysian current affairs and the election.
Watch videos about Hindraf, Lingam, Chua Soi Lek, Pak Lah
This is the second time the Sabah election is held simultaneously with the general election of Malaysia. As the campaigns pick up steam, all kinds of tactics are being used to sway voters' emotions. One recent report appeared on the Daily Express newspaper in Sabah in which the Chief Minister has been quoted as saying that he would not even want to see the opposition representative should he/she be elected. That means cut development.
So how? Vote for food or vote for your beliefs?
Of course when it comes down to food, we have to take care of our basic needs already. How to survive without food?
Wait a minute, is Sabah so backward now that food is used as an issue for the election campaign? This sort of campaign scare tactic has been going on for ages. However, the past election results (1985, 1986) in Sabah speak something about the people's dissatisfaction with the ruling coalition-led government that went beyond food. People were not happy because they were mistreated.
So, instead of raising threats about the end of development for Sabah when the opposition is elected, wouldn't it be better to focus on how the state can develop further if they (the present state government) win?
Atkinson Clock Tower
As an analogy, when you use positive reinforcement on your kid, you would say,"if you work hard, you are going to succeed." When you use negative reinforcement, you would say,"if you don't work hard, you are going to fail." In the first instance, you are giving encouragement. In the second instance, you are reminding threats.
I like the first one better. It gives me a sense of direction of where I am going if I listen to an advice. It is like getting a healthy dose of vitamins. It gives me the impression that a person who speaks in this manner has wisdom in his or her thinking, which is important in a leadership role. With wisdom (and courage), a good leader will be able to make good decisions that benefit the people (or rakyat), including matters related to your rice bowl.
Sadly, based on the statement made by him, our current Chief Minister does not seem to demonstrate that kind of leadership.
Doesn't this make it a stronger case to vote for your beliefs instead?
As the election day draws closer in Malaysia, the various political parties are stepping up their campaigns to win more votes. As of now, the National Front (Barisan Nasional) has already won 10 11 seats. Two of the seats in Sabah were automatically awarded to BN because the representatives from the opposition parties were disqualified from nomination for turning up late (see here). If I am not mistaken, Einstein said that time is relative.
On a serious note, the opposition leaders know that they have to fight much harder if there going against a heavy gun like Barisan Nasional (BN). Arriving before 9am on the nomination day not only prevents problems like this but projects the image of an exemplary leader, a recognition, which ironically, goes to the BN representative this time.
Having said that, one cannot help but feel betrayed by an outcome of this nature. A person can come up with a million good reasons for breaching the nomination day rules and yet be disqualified from continuing. The world is not fair if you do not have the resources or if you are an underdog. And even when the election results rule in your favor, you can still be denied your victory.
Which brings me back to the mid-80s when I was still a teenager. After school, I would spend some of my time lepak-ing (loitering) up in the hills which is a walking distance from my house. There are interesting things up there but I am not going to talk about these yet. Anyway, on this particular day, I was just enjoying the aerial view of my hometown, Kota Kinabalu. I could see from Tanjung Aru all the way to Tanjung Lipat. As I was scanning around, suddenly a column of smoke puffed up among some buildings in the distance. Minutes later, another one blew up somewhere further to the right. I didn't realize what that meant.
When I got back down, I saw that the main road coming from the town was filled with slow-moving traffic. That was when I sensed something wasn't right. By a strange coincidence, I met my parents, who had been worried and driving around in search of me. As soon as we got back home, the gates were closed and we were all to remain in the house. And so was everyone in the neighborhood. An emergency curfew had been enforced, with immediate effect. Moving targets would be shot in sight. At least that was how serious it sounded.
What happened was riots were erupting in Sabah already. People were planting bombs in public places. A teacher's car was destroyed in a carpark complex when a bomb exploded. Fortunately nobody was in the car. In another case, a bomb exploded near a gas station. I think somebody wasn't so lucky there and got killed.
I don't really remember the chronology of the events. However, that was a suspenseful period. I had been following closely the election results that night on TV. The opposition party, Parti Bersatu Sabah (PBS), led by the paramount leader, Joseph Pairin Kitingan, won the election. In the midst of their celebration, another political leader, had gone into the palace to be sworn in as the next chief minister. It was one of the most deplorable acts in Sabah history.
There were rumors that bribery or death threats were used against the then governor to perform the ritual. While this was happening, Pairin and his supporters were locked outside the palace grounds and denied his rightful position and title as the new chief minister. Finally the matter was laid to rest in the evening after intervention by the former Deputy Prime Minister (I think, need verification). Pairin was sworn-in as the real chief minister while the other guy officially became the shortest ruling chief ministry in Malaysia (and world?) history.
Of course it wasn't a bed of roses for the new government when they ran the state, especially when you are up against the big guns. It wasn't easy also when they fought in the following elections. They got smarter though. They made sure that everyone stayed together (in the same house) during the vote-counting process because believe it or not, money or power can turn men into frogs. They also made sure that the palace episode would not repeat itself by rushing there as soon as they won.
This year's election is also unique in that it features a well-known blogger, Jeff Ooi, as a representative for the first time. Like I said in my previous post (Incredible Internet), the internet is revolutionizing the world. The extend of the power of internet is such that some minister(s) are threatening blogger censorships for 'misleading' readers.
I have come across good bloggers like zewt, 5xmom etc. and I don't find anything less patriotic about them. They have urged their respective fellow bloggers and their friends to exercise their right to vote. They have tried to create an awareness among their audience that voting is an important business. From a blogger to another blogger, if you disagree with blog censorship, now is the time to send your message across. History has shown that laying low (like not doing anything, sitting on the fence) only invites more bullying. The extend of bullying also covers non-bloggers as well. 'Minorities' basically.
In the coming days, we will be hearing a lot more about the election campaigns. In addition to the usual media that you read or listen to, you can find alternative sources of information in the links I listed in this post.
Time is relative, according to Einstein. That means to you, now is evening time and ready for dinner. To me, it is past bedtime and I would be late for breakfast.
[Here's a good link for Sabah political development.]
An awesome explanation on the concept of time....(maybe I'll move this to a different post later)
