Witnessing History

For the last few weeks, History being made - AND made again and again.

Just to give a few examples.
Record Rise in one day, Record Fall in another in the global share markets.
Miracle Days in HK.
Two Banks have so far been Nationalised in Britain.
Three Indepedent Investment Banks in Wall St gone.
The World's Largest Insurance Firm "Nationalised."

The Speed and Scale of the events have shocked everyone.
What had NOT happened in more than 150 years, happened within days!

And the current proposed US$700 Billion Bail Out in US is More than the TOTAL help that IMF (founded in 1947) has offered in its 61-year history (like helping Argentina, Turkey, Britain, South Korea). And IMF has so far spent only US$506 Billions! That's how Massive the Current Mess in US is.

In fact, the Mess is Much Bigger than the US$700 Billions - The Credit Default Swap alone is about US$64 Trillions, that is, 64,000,000,000,000!!! (i.e. about 90 times > 700,000,000,000)

I'd stated in my BK post back in July 2007, the Greatest Depression is coming. And lately, at least two well respected financial REAL experts have openly expressed (The Ex Federal Reserve Chairperson, Alan Greenspan & The Ex HK Financial Secretary, Leung Kam-chung)

"We are having a Once in a Century Situation."

Other than Witnessing History, I suggest everyone to Review History,

Checked the Lowest Price for your Preferred Shares for the last 8 (if not 10)Years.

Remember to learn from History, NOT to repeat the History, and avoid being a Victim again (like I was) of the Asian Crisis or 911 (or SARS). One of which is,

Share Price could be Very Very Cheap!

Cheers
Fate
With The Greatest Crisis comes the Greatest Opportunity