A little reflection

After the initial shake out, with defections, break aways and a big doubt on where the opposition was heading, I thought the next GE will be more of the same. The bunch of opposition parties will just strangle themselves and their chances to be elected. How not when they could not even keep their own houses in order and show that the only thing they could do well was quibbling over their little differences when they could not even think of winning more than two seats? For those who are hoping for change and a brighter future, it was depressing to say the least, and bleak. Since the initial hiccups, two changes have taken place. First, the PAP’s announcement of new candidates is rubbing the people the wrong way. They thought they could throw anything they want at the people and all will be accepted, as there were no better choices from the opposition camp. Newly minted citizens to replace and rule over Singaporeans at a time when the pain of having too many foreigners here just did not go down well to the true blue Singaporeans. And to train bright and chirpy newbies at public expenses, it is no longer cheap to pay for an MP today, is also not well received. The next big development is the coming forward of better and better candidates from the opposition camp. After so many years of longing for better candidates from the opposition, this dream is coming true. We are seeing many good candidates, some excellent, standing up to be counted. This is an opportunity that the people have been waiting for and they better not waste this chance to do what is necessary for the good of their children and the future of Singapore. Squandering this chance will send the wrong message to more good people volunteering to serve the people and country. These are brave and able men, coming forward willingly, not waiting for an invitation. The people need to return the favour and tell these men and women that they are most welcomed. And hopefully, several more will step forward at nomination day. These will be the things that will cheer up the disillusioned and helpless Singaporeans, to have an alternative instead of more of no other choices. I am feeling a little better now, and in higher spirit looking at the forces that have been lined up. The opposition may not defeat the ruling party in this GE. But it looks good that several GRCs and SMCs will be there for the taking. And we shall have a more balance Parliament with more balanced views for the good of the people.

It was April Fool!

I know the GE is around the corner and everyone is getting quite uptight. But when a good April Fool joke is started, can’t the people just take it as it is, and have a little laughter? Pei Ling traumatised and was counselled by Dr Fatimah. Nice one. Who says PAP politicians are all deadpan and can’t joke? And Chok Tong is good at surprising people with his jokes, and on April Fool Day is quite an appropriate timing to put people at ease. Unfortunately no one is in the mood for jokes. No one remembers April Fool anymore. Must be the inflation or the housing prices, or the foreign worker bugging them. Chok Tong getting his dementia, or should he use his dementia joke as an excuse to get out of this since people are not appreciative of him? This is likely to be the last joke before things get serious and all the knives are out as the GE approaches. Enjoy it while it lasts.

The Great Singapore Debate that wasn’t

Touted as a must watch political show on earth, oops, I mean in Sin. The PAP sent in its best speaker of Parliament, the opposition sent in, supposedly their best. Ok, a mismatch as far as class and oratorical skills, and ability to deal with the issues were concerned. But the whole show was a disappointment. It was a show about time keeping. Yes Sir, your turn now. Sorry Sir, time out. Next, you there. Sorry you got only 30 sec. OK, next one. Quick, quick, oops, your time running out. Dong! Was it a debate? What was more important, the issues in discussion or keeping time? Oops, sorry, I got to go now. No time to write some more. See you next time. Bye.

Who is calling the shot in the stock market industry?

SGX is still fighting tooth and nail to get married to ASX. It has offered the highest dowry it could pay and may even have to go on its knees to ask for the hands of the bride. According to some financial analyst, this marriage is like a life and death situation. Without the copulation, there would not be any future down the road. Both parties, on its own, without being hooked together, will be left on the lurch. The stock market industry has changed. The big funds are now calling the shot and dictating how the stock markets should operate. Big funds will eat into the market share of officially corporatized stock markets around the world by playing foul. No, not really. They just hook their super computers into the stock market system to take advantage of their high speed and technology to clean up the small players, with approval from the stock exchanges. This is now legal. Stock markets now do not have to ensure a level playing field. For if they do so, the big funds will not want to play ball with them. They are now held at ransom by the big funds and have to take orders from the big funds. And the big funds simply say, I want to take advantage of the system with my technology. To hell with the small traders. It is us or them. The next great fear is Dark Pools. The Dark Pool operators make transactions in the dark, unknown to the rest of the investors. They could also trade outside the stock market system. The need for transparency to ensure that all traders are privy to the same information, and level playing field, no longer apply to the Dark Pool operators. As long as the stock exchanges know, or the Dark Pools informed the stock exchanges, that is good enough. The rest of the traders need not know who buys what and in what volume. The same reasons go. The Dark Pools are going to eat up the market shares of existing legal stock exchanges and the stock exchanges cannot do anything about it. The stock exchanges must compete under the same rules and operating styles of the big funds and Dark Pool operators, or else they will go the way of the Dodo bird. The govt controlled stock exchanges around the world are threatened by the big funds and their big machines and the Dark Pools. You have to believe this logic. It is the new testament, the new commandments. The rogues are telling the govt constituted stock exchanges how the game should be played, under their terms and conditions! In the name of fair play, transparency, level playing field, could not the govt make such unfair practices illegal? Why are the govts across the world not stopping such nonsense from going on? The big funds and Dark Pools are cheating and robbing the investors with unfair advantages and practices. Is there such thing as right or wrong today? Is there such thing as legal or illegal? When the rogues and gangsters run the show, where will it lead to? You may wonder why the big funds and Dark Pool operators did not go to the casino to do the same thing. The answer is obvious. The losers will be the casino operators. In the case of stock exchanges, the losers will not be the exchange but the disadvantaged investors.

The Cow

There are two cows and a chicken in this photo painting.