It seems like it is a bad time for many going to graduate undergraduates like me to graduate.
I was reading up on the new on CNN and it seems all gloomy for the future of US economy.
Market sentimental is a very powerful thing.And everyone is feeling fearful.Especially when the company has something to do with mortgages.
First it was Bear Stearns.
Then Lehman brothers.
Then Merrill Lynch.
Soon it might be AIG.
Perhaps AIG will survive the Crisis given the amount of Personal insurances it has and the diversity of it's operation. Then again, with so many people having put their money in AIG, the government can't really let it go just like that. It is almost like CPF suddenly go bust.Imagine how many common people with their savings will be affected.
For those who want to go into the financial industry, I think we need to think twice. The effects of this subprime crisis might be prolong.Just like the dotcome bubble, this will lead to pay cut, retrenchment. Perhaps i should serve my 2 years bond before heading over. In the meantime, i can learn more from experts around me.
The best thing to do now?
Save and wait for the market rebounce to come!
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