I watched the inauguration of the elected US president this morning (1AM). It's amazing to see so many people around the world went to capital to take part in this historic moment in American presidency. Obama comes from the minority group (African American) and rise to where he is now through hardwork and some luck. He graduated in Harvard as magna cum laude. He is intelligent, smart and charismatic politician.
Former presidents also attended the event. These presidents, although have differences with each other, went to the event as american. You can see them as they approach each other like friends (you don't see that here in our country).
The inaugural speech, though full of promises, did not affect the plunging market. Investor still in "watch and see" attitude. Stock market still in dismal trading, banking sector in Europe is in shamble (especially, UK banks), bailout funds are not working (yet) as bank still not lending money. Most businesses hopes that Obama will continue pushing federal money to the market (buying bad loans, infusing capital to ailing businesses, etc). Most of them think that this what Obama would do as he has no choice but to "bite the nail".
I've checked PSE as I wanted to buy some MEG stocks. As of today, PSEi dipped a few points. I tried to buy share at around 0.62/share but unfortunately, the price stayed at 0.63/share. Maybe I will try again tomorrow.
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