I remember just weeks ago it was big news when Lehman filed for Chapter 11 and shortly after the Lehman's crisis news about AIG's struggle for survival surfaced.

There was an offer made to AIG to buy one of their business asset for $8bn but was rejected by AIG citing that the offer was too low (they think it's worth more than this amount).

At first I thought, how on earth this company will survive in a crisis like this, there's no sense of urgency at all. (Warren Buffett walked away from them) But then, they were lucky, U.S government stepped in with an $85bn buoy to save the company from going bust.

Alas, the execs spent the money on luxuries just few days after they got the funding. Hmm....what are these people up to? I hope they don't resign from their jobs and take a couple of millions with them as compensation.

Singapore is small and sensitive to every bits of bad news from the U.S, we are not immune from scandals like this at this juncture. Good luck to everyone in the market.

The STI has dropped again the last time I checked (an hour ago),ok AIG is innocent in this case.

STI recovers a little today with only 9.23 points. Looks like a knee-jerk reaction here, from waves view, this is at most a minute wave.

If I am a little more optimistic then this is because the market has filtered all the bad news and is ready for a correction. But I am not confident of a correction in the near future.

This is a near death struggle before finishing off at lower levels. I would say 1,500 points is where the STI is heading. 

The stock market's Tsunami is coming.

I am not going to buy anything now for sure. There could be more bad news from U.S soon, let's keep our fingers crossed. Watch out for the hedge funds.

When I started stocks trading about 10 years ago, Technical Analysis was all I know, watching stock prices plunge and rise gave me the thrill. Fundamental Analysis wasn't my cup of tea because I find it rather passive unlike TA.

I did make some money from TA and I actually made money on the first stock I bought, I was lucky from then because I have loses and if I do, loses are too insignificant. Only until recent years, I began to appreciate the beauty of FA, if I want to hold a stock for the long run and make profits from my investments, FA is the only way, there is no way TA can do that.
I have grown tired of the frequent buying and selling.

But I am not going to give up TA, I want a TA + FA approach to the market. Using FA to fish out companies with good fundamentals and apply TA for the entry price. I don’t think a single approach has the answer to the stock market.

I don’t possess the foresight of Warren Buffett.

It will take quite a while to master FA, it took me a couple of years to really master TA. The best approach will be a method which I truly understand.

It’s a shame that I didn’t pick up FA when I first started.

Going to read business valuation and analysis when I am done with Adam Smith’s books.

The US government is using tax payers' money to buy bad companies. Buying over AIG does not seem to solve the problem at all, AIG is going to sell its business to payoff its debts. How many businesses do AIG needs to sell to pay off everything? What's left for the AIG after that?

Not saving Lehman is probably the best choice they have made. Why bother how much the CEOs are paid?

US status as economic power is not under threat anyway, they are still the largest economy in the world, but how long will the slump last? There's a lot of selling in Asia and in Singapore the STI can barely take it. Companies that are profitable dropped in value because of the heavy selling.

All I can say is that the US government really take cares of companies at the expense of the tax payers. The economy is still going down despite the bailout. Not forgetting the US government owes China US$500billion.

My friend told me that his portfolio is in red due to the heavy sell down, by at least 30% and he is staying away from investments for now. He makes more money from EPL betting than investments.

I am staying on the sideline. I am sure that there are investors out there waiting for the market to bleed more before going in to buy good companies at low prices.

Till now, I am still not convinced by that the bailout can do.