Saturday, 23 August 2008
China plans new share sale system
(SHANGHAI) Chinese securities regulators, seeking to support the stock market, plan to introduce a new system for sales of shares made tradable by the expiry of lock-up periods, the 21st Century Business Herald reported yesterday.
The system is likely to be announced soon after this month’s Beijing Olympics, the newspaper reported.
More... text
The system is likely to be announced soon after this month’s Beijing Olympics, the newspaper reported.
More... text
Strategist: Don’t buy equities yet
‘Technically, we’re in dangerous territory, having broken past previous index level lows,’ he said of Asian markets.
More... text
More... text
Warren Buffett says 'game is over' for Freddie and Fannie
Fannie Mae and Freddie Mac, the two largest mortgage finance companies, "don't have any net worth," the billionaire investor Warren Buffett said.
More... text
More... text
Friday, 22 August 2008
China attracts more US college students
There are almost certainly at least 10,000 US students now enrolled annually in programs in China, up fivefold from a decade ago. China is the seventh most popular destination for US students, according to the Institute of International Education. But it’s growing so quickly that, if trends continue, it will soon pass countries like Britain, Spain and Italy and become the most popular.
More... text
More... text
Li Ka-Shing says ‘worst is yet to come’ in global economy slump
(HONG KONG) Hong Kong billionaire Li Ka-shing, who predicted China’s stock market bubble would burst, says the ‘worst is yet to come’ from the global credit crunch.
More... text
More... text
Thursday, 21 August 2008
How did Merrill Lynch miss the red flags?
Singapore’s Temasek Courts Disaster
Wednesday, 20 August 2008
Hua Guofeng dies
BEIJING (AP) — Hua Guofeng, who briefly ruled China as communist founder Mao Zedong's successor but was pushed aside as a prelude to reforms that launched an economic boom, died Wednesday at the age of 87, state-run media reported.
More... text
More... text
Don't codeswitch to Singlish, please
IT MAY seem like good manners to turn on the Singlish when communicating with a countryman who can speak only the patois, but think again.
More... text
More... text
Tuesday, 19 August 2008
Marc Faber comment on US of A
Dr. Marc Faber concluded his monthly bulletin (June 2008) with the Following:
"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part."
"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part."
FerroChina Neckline Breakdown
FerroChina broke the neckline support at 1.02. 1) ML has been selling down with huge volume from 1.18 to 1.03, 2) many positions bought 1.20-1.30 and 3) potential margin calls underway, don't rule out hitting 0.840.
SSE Weekly
My target for SSE at 2200 almost reached this morning at 2284. Almost everybody is saying China's economy will tank together with her SSE after the Olympic Games.
But I take an opposite view that SSE will recover after the Olympic Games. Perhaps, SSE is building a base around 2200 and start to move up next week when the Olympic Games end?
Global recession will drive down energy prices by 30%
The probability is growing that the global economy – not just the United States – will experience a serious recession. Recent developments suggest that all G7 economies are already in recession or close to tipping into one.
More... text
More... text
Monday, 18 August 2008
Diversify your portfolio but choose carefully
Adding a different kind of investment exposure to a portfolio may help to diversify it, but the question is - what kind of exposure is good for that purpose? One good strategy is to find an investment with a “low correlation to the global equity market” - in other words, an investment that moves in the opposite direction to global equities. Fund houses are touting this quite a bit nowadays, but are these really good for diversification? Investors can tell from the corresponding correlation coefficients.
More... text
More... text
Commodity prices likely to rebound
Crashing commodity prices have once again given ammunition to sceptics who believe the boom of recent years was a blip, but that view underestimates the demand and economic growth in the emerging world.
More...text
More...text
Subscribe to:
Posts (Atom)