Meltdown of financial markets...

Woke up this morning to news of stock market bleeding profusely everywhere... Indonesian market trading was suspended, the Dow Jones has lost trillions of market capitalisation. It's the worst since the 1930s. The Nikkei suffered one of its worst one day drop....even our KLCI is heading towards the 900 points. Who would have thought of this happening? And Singapore announced today that it is in recession. Globalization can really hurt those near and far....

Panic selling has hit the markets...emotions are overruling logic. People are looking at things through darkened glasses now. There is a sense of despondency...

In the US, one of the signs how trying times are getting to the people is the church attendance. It has seen a spike in the recent months. I guess it's always like that...we turn to God when we are down, when things look hopeless.

For us, the same thing can also happen. What is to guarantee that what we own will remain intact? Nick Leeson, single-handedly brought down Barrings Bank, a 200-year-old bank, Britain's oldest investment bank. It was a tale of one day healthy, next day 'totally annihilated'. Lehman Brothers collapsed under the sub-prime lending crisis. All it takes is just one man to play rogue and whole institutions can come crashing down. Greed comes before all of these.

Other half just told son today....if there's at all any legacy we should leave him...it's the legacy of education....and if I may add, of faith too. Money and property can be gone in a jiffy...with education and faith, one still stands a chance of building his life from scratch....and a promise of eternity.

Incidentally....oil prices are dipping as fast as the financial turmoil too... it's now hovering around USD95. What is our gahmen going to to do?