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Showing posts from February, 2018

Black Panther - Best Movie For A Long Time

Movie Review BLACK PANTHER: Save you to read till the end, its a 10/10 movie for entertainment, and a whole lot of bonus points for many more meaningful things. BP is a standalone superhero by Marvel. The director and writer were excellent here. It makes sense, was believable and logical even though we were in the realm of superheroes.
As a superhero movie, the storyline was brilliant, moving and not a single boring moment to speak of. Characters were given time to flesh outhence you empathised with most of them. The effects were devastating and not entirely over the top. The high tech environment was brilliantly crafted and fun to watch.
This movie is a watershed movie, more important than the entertainment value it professes to offer. A largely black cast, and it will be a very successful film at the box office worldwide I am sure - its the movie that showed that a superhero need not be white, and that minorities can be more than just an add-on or two in a big movie. The ramification…

Chinese Food - OMAKASE ... Divine!!!

You put forward the word degustation, and immediately its fine dining and you are preparing to pay at least RM300-500pp, same for Omakase which is chef's choice in Japanese restaurants. This restaurant is the best discovery for the longest time, and you have to call to book first, and say you want Omakase as the chef would have to shop diligently for freshest ingredients.

paku pakis, blanched cold till crispy with sour chilli sauce, topped with prawn oil butter  8/10

easily my favourite dish, the soup was amazing, 8 hours with 3 different birds/bones as stock, and complements the melt in your mouth cabbage  10/10 

slow blanched pork belly, with cucumber and ginger (which gave it a lift)  9/10 

crispy chicken skin, the meat was actually fish ... Sek Yuen does this a bit better, but good nonetheless   7.5/10

I would call this a salad, well done eggplant plus squid and okra  8/10 

The place is known as Xiao Lao Wang hotpot restaurant, hence 90% of patrons go for hotpot not knowing Omakase …

Market Correction or Bear

There is a huge difference between a market correction and a bear market. A proper correction reaches about 10% off the highs, while a bear market needs a 20% correction from the highs or more.

The correction was much needed, digesting the rate hike in the US and possibly another within the next 6 months. The rise and rise of ETFs as a sector of overall equities market seem to have exacerbated the correction as redemptions tend to have a "me-too" follow on effect. 

For me, I think its a much needed correction, not a bear market situation. There is still the massive injection of funds with the new repatriation laws affecting US companies bring back profits back from overseas. A lot will go into shares buybacks and some reinvestment in US. The flow on effects have not been fully discounted yet.

Plus, what are the alternatives for funds now? In spite of the rate hikes, interest rates are still benign. There are not many places to go.

I expect a swift rebound within the next two day…