12/04/2014

Going hysterical over SGX glitches

Everyone is showing how concerned they are over the second stoppage of SGX as if the end of the world is coming. Actually it was nothing more than a pimple. What should be really serious are the dying stock market and the consequences of the financial market and financial centre when the market goes kaput. But this has been going on for so long that the dying stage is accepted as normal and a dead stock market is something no one wants to know. Depending on one’s definition, the market to some has long been dead or in ICU.
 

So we have so many people acting angry, condemning the SGX. What happened to deregulation, self regulation and self inspection of pimples in one’s backside? These are the good things, the good stuff, the right stuff and in a way contributed to the recent lapses. No, not true, just a little bit of bad luck I supposed?
 

The only sensible call, or wake up call, is from the Small and Middle Capitalisation Companies Association to demand an independent inquiry. To the rest of the regulators or overseers, this is not necessary at all. Now, aren’t anyone curious why this Association suddenly finds it necessary to demand for an independent inquiry? Shouldn’t it be sufficient for SGX to conduct its own inquiry by appointing its own independent directors and senior officers or board of directors to do the same like the previous glitch? Why is this one so different that this Association is demanding an independent inquiry?
 

It is a good call and a necessary call. But at most it will find out the causes of pimples and acnes. Would anyone think it necessary to call for an independent board of inquiry on the fate of the SGX and why it is dying and when it is going to go kaput for good? Oops, this BOI is only necessary if people acknowledge that the market is dying. If people still believe that the market is doing roaring business and in the pink of health, any call for a BOI is simply superfluous.
 

Maybe this is an over exaggeration. The market will not die, will never die, as long as the computers are kicking and doing the buying and selling. Only the traders will die, the remisiers will die, but the broking houses will not die either, they would simply downsize or reduce in numbers. And everyone will still be having a party and singing hallelujah, Christmas is around the corner, let’s pop the champagne and celebrate another good year.

Kopi Level - Green

11 comments:

Anonymous said...

"Only the traders will die, the remisiers will die, but the broking houses will not die either, they would simply downsize or reduce in numbers."
RB

Tiok. They will die, just like the daft and money no enough Sinkies. And their numbers at most only 40% or less, even in worse times than now, like in 2011.

And life goes on as usual for PAP, smart money making Sinkies, including new Sinkies of course and the Sinkie opposition. They will not die but they will also not be ready to be govt.

Anonymous said...

Waiting for you to post something new or intelligent. You are like an unthinking machine.

Anonymous said...


Yam Seng! Yam Seng! Yam Seng!

Love it love it!

Pls count me in if you organise
a joyful X-mas party, singing
hallelujah, popping of the
champagne to celebrate another
good year and welcoming SG50.

Be merry and happy.

Life is short. Be grateful.

Love yourself and be kind to
others.

Cheers.

Anonymous said...

You are like an unthinking machine.
Anon 9:30 am

So can u think how to vote PAP out?

Or how to make the Sinkie opposition ready to be govt?

Think about it.

Anonymous said...


Kind and Forgiving!

Singapore is an extremely nice place to work for foreigners, especially those holding top top positions.

Singapore is indeed very very very kind and forgiving.

This is Singapore.



Anonymous said...

Vote Them Out.
Vote Them Out.
Vote Them Out.

Anonymous said...

Derivatives is doing a roaring business. Why don't you do that ?

Anonymous said...

you know what is derivative?

Anonymous said...

Omfg.. another post deleted again

Let have it again..

.. many years ago before the current trading platform was introduced

In order to phase out the CLOB system, millions were paid to foreign talents ah neh to design a "high tech n intelligent " trading platform... dun play play, can even do technical analysis beside trading

But after some dry run by some brokerage was quietly withdrawn.... and the GL was used

No sound no news... hokkien say.

Any accountability?

Haha... limped take a screenshot after p pi sting

b said...

I think if toto or 4D system down, there will be riots everywhere.

Anonymous said...

Red bean

Steadee, steadee, poon, pee pee