chinese Archives » Pinoy Money Talk

‘Ghost Month’ in August affecting stocks?

Is the “Ghost Month” to blame for the recent rollercoaster ride in stock markets around the world?

During the first two weeks of August, stock markets worldwide had a freefall, went back up again, slid again, then back up once more. The Dow Jones Industrial Average (DJIA), for example:

plummeted 4.31% on August 4 after credit rating agency S&P downgraded the United States
declined 5.5% more on August 8
bounced back 3.98% on August 9
fell another 4.6% on August 10
but rose 3.9% on August 11

And it’s probably just starting.

Hostage survivor's story of the Manila (Philippines) bus hostage crisis

Here are excerpts from the first-person account of a survivor in the bus hostage-taking incident at Quirino Grandstand in Manila, Philippines.
Lee Ying-chuen was one of 25 Hong Kong tourists aboard the Hong Tai bus that was taken hostage by Rolando Mendoza. Her story of their ordeal inside the bus was published last week in the Chinese newspaper Ming Pao Daily News.

(Video) Manila Philippines bus hostage taking

Manila, Philippines (August 23, 2010; 11:55 p.m.) – Here are some gripping videos of the hostage taking on a Chinese tourist bus in Manila, Philippines.
The hostage crisis ended tragically after a SWAT team assaulted a bus full of mostly Chinese tourists from Hong Kong, resulting in the death of the hostage taker and nine (9) hostages.
Additional Story: Video & Transcript of Radio interview with Manila bus hostage-taker Rolando Mendoza