US market on teeter totter, Canadian dollar gaining.

[cocopuff]

Reading & hearing all the news these past weeks about the US market, made me wonder how our hard working kababayans are feeling the strain. Whereas, Canadian dollar is gaining strength, it certainly gives some relief to all who lives in Canada specially if your sending money home to your love ones.....

Care to comment or share your thoughts on this, anyone??

[Alibangbang]

Reading & hearing all the news these past weeks about the US market, made me wonder how our hard working kababayans are feeling the strain. Whereas, Canadian dollar is gaining strength, it certainly gives some relief to all who lives in Canada specially if your sending money home to your love ones.....

Care to comment or share your thoughts on this, anyone??

Hi Cocopuff,

It's lean time, people are feeling the burn and the pinch. This is depressing and stressful for all of us living on this side of the seaboard.

Why add to it? Yap, I’ve stopped watching and reading the news. There really is nothing that you and I can do about it, so why bother? Rather, I busy myself praying instead, my earnest, that God will intervene. We need His help to right and stabilize this most volatile climate of our economy. And most importantly, I pray that God will give us the wisdom to choose the next President come, Tuesday, Nov. 4.

At the moment, we're "sitting ducks" waiting whatever it is that is going to ravel or unravel before us.

God help us all.

[Insomada]

Hi Cocopuff & Abbs,

The US, being the suzerain country leads in politics and economics globally. What happens to her will surely affect other countries in the world. Sad to say, small economies will hugely feel the economic slump. We, here in down under are now beginning to feel the signs of what’s to come. Just 3 weeks ago, one Aust $ is 97 cents against the US, now it’s down to 69 cents. Consequently, one Aust dollar was 42 pesos before, now it’s down to 30 pesos.

This is no to aggrandize our economy but we’re lucky to have our budget surplus courtesy of the previous administration. The government will use this surplus to assuage the economic burden. This will be done by continuing government funded infrastructure and other projects to have continuous flow of economic activities in the country, old aged-pension, unemployment allowance and teachers pay are raised, additional family support (each child under the age of 20 from middle income families will receive $1000 each), tax cuts will be imposed to increase the purchasing power of the consuming public, $14,000 grants to first home buyers so real estate industry won’t be hurt (stamp duty free) etc. Indeed, it’s the right time to use our budget surplus.

Another imperative move by the present administration which I know will not be easy, but the government is keen in neutralizing the disparity of salaries between CEOs and the rank and files in the corporate hierarchy.

Just the other night our new Prime Minister, Kevin Rudd (I voted for him) succumb to what we described as “straight democracy” when he answered impromptu questions face to face from audience represented by ordinary people from all sectors of society. The Prime Minister was so determined that through the concerted efforts of both the opposition and the administration we can pull the crisis together. Political analysts said he’s doing his job excellently especially in dealing with the crisis today and described the PM as a capable leader well and truly worthy of our votes. I hope he will continue to radiate in that manner.

Yes, it is a volatile time and we are in a precarious situation. As ordinary people however, we can make a minute yet significant contribution and that is thru prayers. Remember the cliché “in unity we find strength”. This time we are called to once again unite in prayers.

God bless us all.

[Alibangbang]

Hi Cocopuff & Abbs,

The US, being the suzerain country leads in politics and economics globally. What happens to her will surely affect other countries in the world.

This time we are called to once again unite in prayers.

Insom,

That's right. What many don't realize is that what happens here, the current will be carried and felt in all four corners of the globe. From the West = Americas, North = Europe, East = Asia and or Oceania (which ever you prefer) and South = Africa.

We’re so up in the air. Mid November, when the election dust settle, who ever wins, I pray that God will give him guidance to lead this country. I pray that America will be what it was before, a country where people come to better their lives and the lives of their family and extended families. ah... just muttering...

[Insomada]

Amo dakay lang ato mahitabang an pag-ampo.

Gasugod na raba pag take place an effect nan global meltdown.

[BONSAL]

Amo dakay lang ato mahitabang an pag-ampo.

Gasugod na raba pag take place an effect nan global meltdown.

Let's brace our ourselves for the worst times and recession.

[cocopuff]

Amo dakay lang ato mahitabang an pag-ampo.

Gasugod na raba pag take place an effect nan global meltdown.

Let's brace our ourselves for the worst times and recession.

That sure is already happening. So tighten our purses & be grateful for what we have. Set aside shopping sprees and instead think of helping others in need. Pray & trust that we all can survive whatever this recession will bring or change our lives.

[Alibangbang]

Hi Guys,

Hang in there we’ll get through this just like we got through it 10 years ago.

Remember 10 years ago? When twenty and thirty something whiz-kids and venture capitalist from Silicon Valley, (California) lived their champagne wishes and carviar dreams? High-tech stocks were selling like hotcakes on Wall Street. The market soared mile high with ever mushrooming “dot coms” (.com) and high-tech commodities. Whispers of “inside information” hanged over at water-cooler stations even I got sucked. Without telling Lu, (we keep our finances separate and meet halfway for our overhead expenses so it didn’t matter) I called Audrey, my friend at Legg Mason for advice. She suggested, Cisco Systems. Gave her the amount, not much, then, asked her to proceed with the purchase of my first “individual stock” not a mutual fund (less risky) but yes, STOCK. I watched my little money grew like a bean sprout deprive of sunlight. Then Audrey called, time to sell. I got greedy, I protested. She insisted. She’s the expert, I give in. We sold. I took 20% of my (amass wealth from the stock market - - - Oh my giddy aunt!!! you know I’m kidding ) little profit and the rest she suggest we purchase my second individual stock which was AOL. From our Cisco transaction Audrey got her small commission from her “small-time” friend.

Then ….holy poo on toast !!!! --- the dot com (.com) and technology bubble burst bbbbbiiigggggggg timmmmmeeee. Like a house of cards, flat on the floor. It sent the market into a maddening, dizzying tailspin that vomit shockwaves with global consequences. Then, we experienced what we’re experiencing now, economic slow down.

Technology brought it to us 10 years ago; Housing and Banking Industry, this time. Most experts say this is normal economic behavior, no need to panic.

Oh back to my “test-run” with the market, what I made on Cisco, AOL swallowed it whole. Yes, I lost it, all of it! My experiment made full circle, I won with Cisco, lost with AOL. I swore off individual stocks, even the distribution of my 401K (401K is a retirement savings offered by employers to its employees taken off the top - - before taxes - - - of their salaries. 401K is managed by Plan Managers paid for by employers and 401k is tied directly to the market. The distribution however is solely upon the employee whether his/her approach is conservative, moderate or aggressive) is very conservative.

Hang in there… Yes, Cocopuff we will survive. First I was afraid I was petrified kept thinking---- awna yabala kanta nasa baya ini (Gloria Gaynor)