Hot pot

I've been hearing stories about job cuts in Europe, starting from ABN AMRO to Bear Stearns and recently GS. Yes volatility swings are kicking in, credit spreads are widening but I personally don't think banks are on a hiring freeze. Apparently, job vacancies are aplenty though people have argued there aren't any, those posted on several websites are just hoaxes.

Back in Asia, it seems that many friends are switching jobs, and jobseekers are quick to secure offers. Market seems pretty hot right now, pay looks good, so I don't think markets are expected to see a sharp downturn.

Commodities seem to be the hottest asset class this year.