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Monthly Archives: March 2006

ahhhhhh,……

…………and so another weekend ends the week.

went to the usual weekend gathering of trader/investor friends to go over the events of the week. and while everyone has somewhat calmed down after the past couple of weeks, you can still sense some fear in the air.

perhaps its not that people have calmed down, but rather theyre getting used to seeing down days. and i think that after hitting a new low this week, everyones bracing themselves, and trying to guage whether it was a dead cat bounce that rounded off the week.

i’m not naturally a pessimist but i dont think theres really been much of a panic yet.

and heres why i think what i think,….

everyones saying this correction is healthy.

now i’m not debating that it isnt healthy, and as a matter of fact i do agree with all the “expert professionals”, yes this correction is healthy,….

…..but the thing is,…. everyones still listening to them, hanging on their every word, and then quoting them to their fellow gamblers.

does no one remember the thousands of mutual fund adverts in the papers during october to december? well guess what, its the “professional experts” that run those funds and i fail to recall anyone saying dont put money with us cos the markets going down 😛

anyway as i was saying, the hope is still there, you can see it on the faces of those who havent got a clue what theyre doing.

its odd, that side of humanity.

countless psychological studies have concluded that the emotions involved in a win are no where nearly as extreme as a loss which apparently is the reason alot of day traders find it so hard to cut their losses.

the vast majority of retail traders are part time traders, probably with 2.4 children, a mortgage, a car loan, and a job they probably dont like much. the average joe with an average life etc etc etc.( my apologies, the king and i was on the other day :P)

the markets make them feel alive. win or lose, they realise that it gives them complete control over their lives for a change. and losing is a much more intense emotion,… certainly not something you’d experience behind a desk pushing a pen all day.

now i’ll be the first to admit that yes it is thrilling, and fundamentally, i’m no different from anyone else with money on the markets. i do get a huge rush watching the market fly, and yeah it did hurt watching it dive. especially since i was meant to be on holiday for fucks sakes !!!

so yeah,.. back to what i was talking about,….. i havent yet seen people rushing to the mutual funds demanding their money back, no mobs on the streets out side the investment companies yet. no real blood in the streets so to speak.

so a crash?

umm no wouldnt really call it that,… not yet at least.

it was more like a sneeze 😛 (yup to get rid of boogers)

a correction?

possibly,…. but its only a correction if it doesnt mutate into a crash 😛

what i’m saying is, come to your own conclusions, cos the “professionals” come prepackaged with a healthy dose of “conflict of interest”, and most of em dont even have much money on the markets.

professionals, without the quotation marks, are people who run their own money, and dont wear suits cos they dont have to 😛

as for me,… well,.. ask me in 20 years,… and if i’m on my yacht by then yeah i’ll say i’m a professional 😛

and if not,….

i’ll be asking you if you would like to upsize your extra vaule meal 😛

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i find timothy dalton extremely irritating

one more thing for today,….

apart from the fact that how to make a title just occured to me :P,…..

the eclipse, or partial there of.

i’d heard of everything going dead when a full eclipse takes place, and since we werent going to get a full eclipse i was wondering after lunch if those going-dead-effects would occur. ( lol rereading this i realised how much i suck at naming natural phenomena,…thankfully i’m not a scientist is all i can say :D)

anyway i trawled the net for pics and found this by Q8Sultana:

http://q8sultana.blogspot.com/

shes put great pics up, as well as reminding me of the use of x-rays to see the eclipse for next time, whenever that may be.

anyway, as i mentioned, after lunch i was wondering if things would go dead. apparently they do when you get a full eclipse and witnesses report an eerie calm.
alot like you’d experience at 530am, you know, after the boy racers have all gone to bed.

didnt think much of it, since i thought, partial eclipse, still bright so nothing should really happen.

then i noticed the birds starting to sing again, like dawn was just breaking.

anyone have birds as pets? did they go to bed while the eclipse was on?

first things first, thanks to toomz and amer for leaving a lil message welcoming me to the blogging world.
cheers guys!

secondly,…

the Arab Times is costing me money!!! ( insert pissed off smiley face)

as it is i’ve been doing quite well on the KSE the past few years, working with no more than common sense and the one-two day delay that the arab times seems to suffer from when reporting local business news.

the delays i dont mind,… but the sheer incompetent translating is definately going to cost me money one day!!!
i think its been a total of three times since the start of the year that i’ve read something they’ve printed and three times that i’ve called the companies in question,….

……only to hear:
“ummm no sir, it must be a typing error/misunderstanding/moron, because in our press release to al rai/qabas/watan/etc, we said so and so”

having said that tho, some good things have come out of it:
1- i’m forced to verify the stories on my own, which isnt that hard.
2- other non-arabic reading investors get the wrong info, mwuahahaha!
3- i’ve decided to learn arabic so i can start reading the arabic papers.

so if anyone knows of a good arabic class let me know, i’m thinking of checking out the uni here on saturday.

i did actually grow up here, so like alot of other foreign kids i had to learn basic arabic. but you guys know how it is in those international schools, unless you hang around people that speak only arabic, english becomes the norm.

add to that 5 years in the UK and a couple years in the far east, and my grasp of the language has all but decayed to the level of “wain al hammam?” ( umm thats bathroom right?:P)

i can, however, still cuss out the bastard that cuts me off on the gulf road 😛

some things you never forget lol 😀

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i r listening to: massive attack – prayer for england

(saw this on someone elses blog, and figured it’d be a good way for other musicians to see where i’m headed with my production :P)

skunk

so i’ve been sitting here for the past 15 mins trying to figure out what the first post should be about.

funny how during those late night hours while i was contemplating starting this, i seemed to have so much going thru my head that i wanted to get down.

not to worry tho, they werent thoughts or epiphanies of any real consequence,.. and i’m sure they’ll come to me again in due time.

perhaps more experienced writers will recall their first post as well, and hopefully cut me some slack for what is turning out to be a crappy first post 😛

what you’ll see here will be mostly made up of travel since i fly around from time to time. perhaps a little more than your average person. actually i fly enough to hate flying.

i’m sure there will be posts about the KSE (Kuwait not Karachi :P) as well since i work that market for a living.

a bit of music will be thrown in as well,… i compose ( if you can call it that:P ) during my down time. but i only play the drums so technophobic purist musicians can exit the door at the end of the well-kiss-my-ass corridor 😛 .

then again if youre in kuwait and fancy putting something together do drop me a line,…that goes for vocalists and lyricists too.

apart from that i hope you enjoy the flight and dont hesitate to tell the pilot that he’s being an Fucking moron 😛 ( might chuck you out the plane if you do tho 😛 )

right, now i gotta go an figure out how to fly this thing.

cheers.

skunk