Societe Generale have fraudulent trader?

Was out the whole day, so didn't manage to check the market till I'm back home at night.

STI was up another 2.2%, while HSI dropped 550 pts. Can see that quite a number of stocks went up in my watchlist. I wouldn't go to say the danger is over yet...we'll just wait and see. There are reports of a fraudulent trader under Societe Generale that is very similar to Nick leeson (the man that broke baring bank). I think that is another big blow to the market...esp to the financial industry. Seems like when times are good, there are a lot of such scandals and frauds appearing, even Singapore; the most recent being Sembcorp marine.

Dow is now at 58 pts up.

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