Day 37 – Boss: “Welcome to the real world, F10n1”

“HK suffers worst one day loss since 08′”

Lol “is it low enough to buy low?”I can’t believe the ans is no when I got up this morning – Blau

• “好痛吖 (in cantonese)”, Korean colleague exclaimed. Equity market priced in too quickly in the morning, free fall dropped -1600 pts right away (followed US dismal performance), another -800 pts right before market close (sell on bounce to cash up).
• 2008: bottom-up, financial institutions screwed up, gov can still bailout
  2011: top-down, even major govs are in huge debt, who would be the last resort lender? –>destruction of food chain
•  Even central banks lost confidence. ECB intervention’s magnitude is small …same remedy proven not to work. but seems no better solution
• Next wave: QE3? institutional redemption? More derisking? Time to bottom fish?
• 感想：Start to love working side-by-side with sales..esp. with such momentum/volatility going on in the mkt. Dynamic, mkt-driven, noisy, interactive, lots of real-time conversations on mkt movement & breaking news (say 1/ China CPI,2/ land auction & 3/ greece/korean ban short selling today..and def. the roller coaster ride)

and one more comment from A :”I think you should be a carexpert after this internship” hahaha…After all..back to 101…market is really just a place for ppl to buy and sell..and supply demand/ ppl’s expectation determine the price (?!)  -end-

How lucky to have the chance witnessing such crisis (?)……..
my buddy asked us to wear in green tomorrow XD  (then my TWN colleague said green is the opposite in twn mkt..)

Last but not least…a closer look to Hotel Okura @ Galaxy Macau
the one room I paid (first time in my life) for dad mum bro =P