Life goes on....

Wow, I do missed 1 week of interesting entries for last week. The best i can do is to continue with a general summary of today's event

Turbulence overseas isn't helping the mood. A steep drop in Thai stocks has pulled Asian markets lower and is bringing back uncomfortable memories of the 1997 meltdown in the region. Singapore share prices closed sharply lower as investors, unnerved by the stockmarket slump in Thailand, elected to take profits following the main index's recent record-breaking run, dealers said. The SET composite index in Thailand tumbled as much as 15 pct at one point in reaction to capital controls imposed by the Bank of Thailand, aimed at curbing speculation in the baht.

U.S. Treasuries are up as investors expect the numbers to show a cooling housing market and benign inflation pressures. The dollar is steady against the yen. Tokyo shares close lower as investors locked in recent gains after the BOJ decided to keep the overnight call rate target unchanged at 0.25 pct, a move that had been widely expected by the market, dealers said.

Oil has slipped below $62 a barrel as mild U.S. weather cuts demand for heating fuel.

It's the best of times and the worst of times for two transatlantic stock-exchange mergers. Euronext shareholders have approved the company's sale to NYSE Group, but the London Stock Exchange keeps spurning Nasdaq as it touts its bullish profit outlook.

Heed Oracle: The software maker reported disappointing sales late yesterday, and now stock futures are pointing to a down day.

Morgan Stanley shares have edged up after the investment bank posted higher-than-expected quarterly results and announced plans to spin off its Discover credit-card business.

Delta Air Lines has rejected US Airways' $8.4 billion bid and filed a plan to emerge from bankruptcy as an independent company.