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7/20/2009 Moon LandingJuly 20th, 1969
Celebrating 40th anniversary of Apollo 11 moon landing.
"That's one small step for man; one giant leap for mankind."
Neil Armstrong
6/28/2009 King of the Hill
Transformers: Revenge of the Fallen---Good 06.29.30.2009 Q2 score board: Dow up 11%, Nasdaq surged 20%, S&P up 15%, oil up 41%, Vix down 40%, European stocks up 17% Nikkei up 23%. all eyes now r on unemployment numbers on thur. 07.01.02.03.04.05.2009 It's BBQ and fireworks and red, white, and blue. 4th of July weekend. Job data was a wreck, like ive been saying, no jobs no recovery. Nonfarm payroll fell 467000 and unemployment at 9.5%, Obama & Co. is under pressure. California is printing IOUs!!! and on FDIC Friday so far 52 banks failed, 7 this week. Dow: 8281 -223 Nasdaq: 1797 -49 S&P: 896 -27 Oil: $66.35 Gold: 931 Movie: Ice Age 3: fair Alaska governor Sarah Palin to step down. Kao it's about time~ 07.06.07.2009 Test 2 puts on some weight on this head and shoulder formation and seems like S&P is good to go from here. well not until PPT shows up anyway. Gosh really hate the technicals and oftentimes a toss of coin could have done better for me. Just seems too good to be true. Oil, energy, basic materials, real estates, and financials are all taking hits today, talks of another stimulus might be on the horizon even though we did not even know exactly what happened to the first round of infusion, Obama is getting plenty on his plate and have not heard from Timmy and Benji for a while now, surely hope they don't spook me on some surprise overnight wild moves. This fish ain't going down without a fight. gotta realign a bit. Dow: 8164 -161 Nasdaq: 1746 -41 S&P: 881 -18 Oil: $62.18 Gold: $929
07.08.09.11.11.12.13.14.2009 GS is BAD ASS. Q2 earning season kicking off high with bank heavyweights reporting. CIT might go under with FDIC refusing to bail but Fed and Treasury likely to give it a hand. AIG bounced after crashing down and 20-1 reverse split was definitely a bad idea. Dow: 8359 Nasdaq: 1800 S&P: 906 Oil: $ 59.80 Gold: $923 07.15.2009 Powerful rally led by Intel's result. Somehow this reminds me of king crab fishing on Deadliest Catch. no guts no glory. Dow: 8616 +257 Nasdaq: 1863 +63 S&P: 933 +27 Oil: $61.45 Gold: $939 07.16.17.18.20.2009 A ray of hope on CIT as some of it's bond holders drilling on "debts for new debts"...well new debts old debts are still debts. if that's not wild and rosy, try AIG looking for new funding on shares offering, and that would be magical. As earning season's kicking into high gear, next week I'll have a better picture on how things are at this point. Mean while gotta just stay put and clear my overheated mind. FDIC friday, 4 more banks down. 07.21.2009 CIT is not out of the woods yet, while most of the companies r reporting better-than-expected numbers. It's shooting for the moon. but will this be Apollo 11 or 13? Test 3 will start in the beginning of August. Dow: 8916 +68, Nasdaq: 1916 +7, S&P: 955 +3, Oil: $ 64.81, Gold: $947 07.22.2009 Big O talking on TV, he is really full of shit on health care reform.. 07.23.2009 Home sales boosted the market, Dow: 9069 +188, Nasdaq: 1974 +47, S&P: 976 +22 Oil: $67.57 Gold: $955 Higher it goes, harder it'll fall. steady....almost there. 07.24.2009 Oh My Fucking God, Obama is lost.... Recession and stimulus, financial crisis and bailouts,, potential tax and rate hikes, healthy care reform, and now education. His approval rate is dropping fast. MSFT got hit on revenue decline, FDIC closed 7 more banks this week and now the total casualty count so far this year is 65, with 150+ GFG of Texas branches $16 bil. in assets marked the largest bank failure in 2009. Test 3 likely to begin in the first week of August and I will have the bulls for lunch. 07.25.26.27.2009 Benanke speaking to the public: This crisis may surpass the Great Depression, but some growth may come in at 2nd half of 2009 and unemployment to peak until next year. New home sales in June stronger than expected, but it usually peaks in June of every year anyway. Treasury auctions nearly quarter triilion this week alone, bonds and USD will be on close watch. 07.27.2009 Naked short selling permanently banned, good thing I've always shorted with my clothes on.... 07.28.2009 am Shanghai down 5% on fears of goverment intervention and profit taking, intraday fell nearly 8%. Hang Seng down modest 2.3%.
6/20/2009 That Once Familiar DelightA Poplar and the Moon
There stood a Poplar, tall and straight;
The fair, round Moon, uprisen late, Made the long shadow on the grass A ghostly bridge ’twixt heaven and me. But May, with slumbrous nights, must pass; And blustering winds will strip the tree. And I’ve no magic to express The moment of that loveliness; So from these words you’ll never guess The stars and lilies I could see. Siegfried Sassoon *****************************************
06.22.2009
World Bank revised global economic contraction to 2.9% from 1.7% and triggered sell-offs in all fronts. FOMC on Tue and Wed. Test 2 continues.
On Fed:
Dow: 8339 -201
Nasdaq: 1766 -61
S&P: 893 -28
Oil: $67.07
Gold: $921
06.23.24.25.26.27.2009
FDIC Friday, 5 more banks failed and brings total to 45 this year. On 25th 3103 a done deal. Not much is going on this week and the biggest news was Michael Jackson died of heart attack at age of 50. Markets moving up and down and sideways all week and Dow closed at 8438, Nasdaq at 1838 and S&P at 919 on Friday. Oil retreated to $69.44 and Gold at $944. Job data comes out next week with some expecting that unemployment might reach 10%.
Just Beat It!
6/1/2009 The Fall of an American IconGM filed Chapter 11. http://money.cnn.com/2009/06/01/news/companies/gm_bankruptcy/index.htm?postversion=2009060121 06.02.2009 zzzzz.......oi why why why does it always rain when i just washed my cars?? Dow: 8741 +19 Nasdaq: 1822 +8 S&P: 945 +2 Oil: $68.69 Gold: $984 GM to sell it's Hummer unit to China's Sichuan Tengzhong Heavy Industrial Machinery Co. 06.03.04.05.2009
"....the U.S. unemployment rate jumped to a 26-year high of 9.4% in May as the number of jobless Americans rose by 787,000 to 14.5 million....though rate of deterioration is slowing..." Fields of green shoots and PPT manipulations in the market, assets inflation is moving on the commodities that have given a lot of ppl hope and confidence and it shows on the indexes. Techs are performing and C and GM were replaced by CSCO and TRV in the DOW. In this extraordinary time in life not only have I witnessed the burst of equity and Treasury bubbles and massive de-leverage abroad, but also the invisible hands of the politicians' relentless efforts to intervene into the private markets, armed with monetary policies and bailouts to artificially creat another bubble in order to delay the inevitable depression in the economy. Falling US dollar is creating a glabal debate of whether a replacement of this reserve currency should be created. With trillions in deficits and record level high unemployments in this consumer-based economy, recovery is no where near. Sadly, the American dream has become the ultimate nightmare.
06.06.07.2009 movie: UP: best movie so far this summer, great family fun!! 06.08.2009 Bond yield spread is widening, if this thing collapses everything goes. Talks of hyper-inflation, equity traders are switching sides on the hourly basis and the usual right-hand hook at today's last trading hour. This is not a field for junior players, this is trading against FED and the foreign central banks and sovereign funds. Dollar better springs to life soon or else....
This round ought to be test 2 against the bulls. What is going to be the catalyst that triggers the selloff? Inflation, interest rate hike, oil, usd, financials, unemployment, foreclosures, ARM resets, and/or the same old de-leveraging that we began with? Could Citi survive this round or will it take the same path as AIG? Now it is clear that the so called Too Big To Fails are winding down and likely to be dismantled by the newly proposed regulations, with full intention of avoiding another systematic meltdown. The stimulus will be gradually injected into the broader areas of the economy which will soon take its effect, and the not-so-natural process of survivor of the fittest in the marketplace shall begin. It will be different this round without the gov bailouts and interventions, since Obama adm. is running out of his charms and Fed and Treasury will face harsh public criticism. We are in the eye of the storm. To those who think of a rosy and everlasting recovery, there will be rigorous lessons ahead. Movie: The Taking of Pelham 1 2 3: 期望太高结果没那么好看! 06.19.2009 Quad witching Friday without the usual volatility, FDIC Friday took on 3 more and made 40 banks failed so far this year. test 2 is kind of a drag in a calm way. Around this time of the year sun is always a bit too warm and body's feeling a bit lazy, maybe this is a good time for people to unwind. Park in the money market and gone fishing! I used to watch bullfights when I lived in Central America: 06.20.21.2009 From March comes the short squeeze and the green shoots, in April bulls celebrated, in May But to lure
traders in and shaked the longs' confidence, in June we saw and are seeing trading range and volume
narrower and lower and in doubt, in July we'll see bulls bleed and bears turn more
upbeat, in August everyone will be confused and likely to lose on both longs and
shorts, In September people call it quit in despair and from October on, people
will be jumping off the buildings. By the year-end Obama's popularity drops and Congress telling him: NO WE CAN'T! and Geithner might step down and of course Citi no more. Now, throw in T bonds and USD and oil and gold and all the geopolitical shit, I am blinded or profoundly confused to say the least. How's that before turning 40?.....fuck me~
5/5/2009 Cingo de MayoDad's Birthday.
Love ya dad, happy birthday
          05.05.2009
8.45am short
2.45pm short.
05.06.2009
"A smart man once said that when trading financial assets, you can game the direction or nail the timing -- but you'll rarely do both..........With that in mind, a word to the wise: when in doubt, wait it out. If opportunity cost is our greatest loss, we should consider ourselves fortunate. There will be easier trades and better days in the years ahead. Our goal is to achieve the financial staying power necessary to prosper when they arrive."---Todd Harrison, May 06, 2009. MW
GM to wipeout common stock shareholders in restructure. GMAC loss widens. LIBOR dropped to all tiem low below 1%.
Financials rally prior to the results on stress test. private job loss counts less than expected at 491k, things are looking good for banks and insurance groups.
8.30am short.
9am short.
12pm short.
1pm short.
shorting is becoming an addiction. "better than expected" is becoming a force behind the market.
05.07.2009
8.30am short.
8.45am short.
9am short.
GM lost $6 bil last quarter, the results on the stress test on nation's 19 largest banks is due at 5pm today, rumors flying on all medias with a minimum of $65bil in capital needed for some banks. Ben Bernanke hit a few notes today: (more regulations for banks and financials)
The crisis generated "extensive introspection" at the central bank, Bernanke said. The conclusion was that there is a need for "heightened vigilance and forcefulness" on the part of supervisors, he said.
This party is over.
Stress Test Results
All eyes on stress test results and non-farm payroll tomorrow, 10 largest banks over 19 under this test were told to raise a combined of $74.9 bil. in additional capital by Nov.. Financial shares rallied after-market with ease in mind that nationalization by the gov no longer a threat. dilution of some common shares ahead.
05.08.2009
No Guts No Glory
8.45am short.
04.29-5.08 shorts, Now I wait.
April unemployment at 8.9%, U6 at 15.8%, highest in 26 years, non farm payroll fell by 539000.
Dow: 8575 +165
Nasdaq: 1739 +23
S&P: 929 +22
Oil: $58.63
Gold: $914.90
05.09.2009
Happy Birthday Justin!!!!!!!
I love you son
" Space: The final frontier. These are the voyages of the starship Enterprise. Its continuing mission to explore new worlds , to seek out new life and and new civilizations, and to boldly go where no one has gone before."----STAR TREK with Justin.
05.10.2009
Happy Mother's Day
05.11.2009
Lots to chew on, busy Monday. Fed's concessions to the banks and job market's outlook sent market down. Financials in profit taking and obvious spooked by The DILUTION. Banks are busy issuing and pricing shares for offering and this trend is spreading into other industries. The "better than expected" up trend is quickly vanished on the fear of widespread "Dilution". With April retail sale, CPI, jobless claims, and PPI coming out this week, many things are still hanging on the air with arrows pointing in all directions, I hope things would fall within my estimates. Fingers crossed and eyes wide open.
Reallocated life insurance assets to money market funds.
Another day, another dollar.
Dow: 8419 -156
Nasdaq: 1731 -8
S&P: 909 -20
Oil: $58.20
Gold: $914
05.12.2009
Tricky tricky~
05.13.2009
Market was spooked by April retail sale (-0.4%) and unexpected surge in forclosures. heavy selling with profit taking and confidence showing distrust in recovery.
Treasury plans to revamp OTC derivative markets, GM close to BK. Dilution continues but hit a bit of wall today, companies who are raising funds by offering shares might find their window of opportunity closing fast, Obama's agenda today is to reform health-care and credit card industry....Green shoots are looking bit yellow now, only if Ben could buy more treasurys to drive rates down and continues with quantative easing while inflation is in check.
Dive dive dive.
Dow: 8285 -184
Nasdaq: 1664 -52
S&P: 884 -24
Oil: $57.73
Gold: $926
05.14.2009
Market up on finacials' rebound with lower LIBOR and perhaps some profit taking and bargain hunting from yesterday. CPI tomorrow, if inflation were not in check then it's gonna be bloody tomorrow. CPI and industrial production before market opens. Yen looks kinda strong, 10yrs Treasry yield dropped, Chrysler to close 789 dealerships and GM is next. also GM might starting to import Chinese-made GM cars in order to save costs. HIG, LNC, PRU, PFG ALL are approved for TARP.
Sucker's rally.
Dow: 8329 +44
Nasdaq: 1689 +25
S&P: 893 +9
Oil: $58.62
Gold: $928
05.15.2009
Dow: 8269 -63
Nasdaq: 1680 -9
S&P: 883 -10
Oil: $56.34
Gold: $931
Talking heads are chattering bout bouncing S&P 500 at 875 and creaming buy buy buy at current level, CPI came flat which was widely expected. Banks and insurers who have received or are about to receive TARP will likely to go through some management and board mems changes soon, the pressure from Obama and company is on. Next week market trend will be more clear.
05.16.17.2009
Catching a break, pizzas and videos. kids' final exams coming up.
05.18.2009
Housing starts on Tue. Buffett added WFC. India's Congress Party won the election and Sensex surge record 17%+.
GS upgraded BAC and Lowes numbers sparked optimism in housing. Oil up.
Go figure.
Dow: 8504 +235
Nasdaq: 1732 +52
S&P: 910 +27
Oil: $59.03
Gold: $922
05.19.2009
Quiet day, April housing starts plunged to record low, down 12.8%. BAC secondary offering priced at $10, HPQ earnings dropped.
05.20.2009
Banks r doing seconds at full speed, when this pump wind down financials likely to have a boost with all these extra money in hand. Most banks and insurance cos are anxious on paying back TARP or simply turn down the approved applications. Bond market is done with bubble bursting and FED does not seem to stop buying. Credit cards and commercial real estates are in the spotlight. Market seems to be stucked in trading range of 8100-8600. Wild cards are in FED and Treasury, they can and will likely to pull another big play to boost the market. This is still a tough trader's market, financials are likely to unwind from here but can easily go other way. Dollar is weak and oil is strong.
We are currently standing in the middle of a major crossroad.....decisions, decisions.
05.21.2009
AM So many senators and congremen are idiots, they should leave the financial problems and solutions to the experts in that field.
Oil and gold up, AIG chief Ed Liddy to leave company, surge in financial sector should be on once the banks complete their secondary offerings. GMAC gets bailout and GM shares up. Regional banks plunged on concerns of dillusions in their shares, TARP is becoming a multi-purpose foundry for big and small bailouts, Turbo Timmy is getting some heat from the hill. UAW reached deal with GM (they better). BankUnited Financial seized by FDIC and sold off, 34th so far this year.
US Treasury for possible downgrades triggered today's sell-off, how bizarre the market moved today.
Dow: 8292 -130
Nasdaq: 1695 -33
S&P: 888 -15
Oil: $61.25
Gold: $951
05.22.2009
TGIF~
Memorial Day weekend. Kids getting off school for the summer next week!!! GM bankruptcy likely next week. 36 banks down so far in 2009.
What else we got on intervention?
Dow: 8277 -15
Nasdaq:1692 -3
S&P: 887 -1
Oil: $61.67
Gold: $959
05.23.24.252009
Memorial Weekend. N.Korean tested nuke and fired 6 short range missles. UN is real pissed.
Movies:
Terminator-Salvation: OK
Night at the Museum-Battle of the Smithsonian: OK
Star Trek-The Final Frontier: GOOD
05.26.2009
May's Consumer Confidence surged and propelled market, GM bondholders likely to lose this fight, with bankruptcy looms GM's uncertainty in the market is removed. Obama nominated Sonia Sotomayor to Supreme Court, If confirmed she will be the first Hispanic Supreme Court judge. Lean lefty...
PM. GM bondholders rejected deal and GM is set to go BK.
Dow: 8473 +196
Nasdaq: 1750 +58
S&P: 910 +23
Oil: $62.62
Gold: $953
05.27.2009
spooked by treasury price surge, market gave back most of the gains yesterday. AIG and GM likely to be on the spotlights for a few days. the fates of those so "called too big to fail" might be doomed. this market no longer prices-in ahead of the obvious lately, traders just got a boost in volatility.
Dow: 8300 -173
Nasdaq: 1748 -19
S&P: 893 -17
Oil: $63.40
Gold: $953
05.28.2009
Nothing interesting or worth noting.
05.29.2009
Kids' first day of summer vacation.
Market was trading flat all day but the last 30 minutes was extraordinary, with a surge of a hundred points in minutes.
This sparked a wave of speculation on whether the market was manipulated or window dressing...Of course, stupid.
GM getting ready on Monday, California's bond rating was downgraded by Fitch on future prospects, BAC leading board member resigned and CEO under pressure, PMI likely to be awful and so far have not heard from FDIC on bank failures this week. commodities way up with gold reaching $980, Oil at $66.31, Dow: 8500 S&P: 919 and NAsdaq: 1759...treasury price up and moved the mortgage rate up 0.5%, high commodity pricesasset inflation is keeping the market ahad, this is absolutly extradinary: high unemployment rate, weak dollar, consumer spending in contraction, home forclosures mounting, corporate deleverage writing off losses and unwinding positions, Treasury burst and corporate bonds will soon be in trouble after the fine example set by GM bondholders, trillions in budget deficit and debts and interests with quatative easing....Obama, Geithner, Bernanke will soon have a lot of explainings to do to the public about these maipulations and green shoots , it's an era of doing too much and definitely is creating another bubble to save this burst of bubble.
Too Big To Fail?.....watch them fail.
That's the trouble we'll be facing next in this global economy, when rosy expectation gets disappointed.
05.30.31.2009
heating up, Summer is here!
Drums please...........
4/24/2009 2009 New Orleans Jazz & Heritage Festival2009 New Orleans Jazz & Heritage Festival
April 24--May 3
Jazz Fest is the second biggest event after Mardi Gras in Nawlins, people from all over play and party and enjoy the best New Orleans has to offer, and as always around this time, I work my ass off.
Let the party begin!!!!
04.25.26.2009
Working lots. Still waiting for that BIG BALL to drop in order to steer onto a direction, a bit uncertain now and can definitely use some luck.
Nah......
04.27.2009
GM tells it's bondholders to swap debts for equity or else it will file bankruptcy on June 1st. and shares popped 20%.
40 cents on a dollar or nothing. Extortion. Swine flu puts world on high alert, so far 179 died in Mexico.
04.28.2009
12.20am
The BIG BALL just dropped!
04.29.2009
10AM short.
Dow: 8186 +169
Nasdaq: 1712 +38
S&P: 874 +19
Oil: $51.02
Gold: $900.50
Fed hints worst may be over, holds rates steady. This is week 8 of charging bull, or rebound for a long grizzly.
gotta watch that greenback, from here on is tricky. I know that I should not have gone against the trend and fight the FED, but I just can't help myself shorting the market today.
After I shorted, I actually felt mighty great!
04.30.2009
am Chrysler chapter 11 imminent.
10am short.
11am short.
05.01.2009
9am short.
11am short
New FASB rule to be in effect as of 1st January 2010, requiring banks to account in their balance sheets all off-balanace sheet real estate risks.
Geez....likely more massive bailouts and bank failures are going to roll out. 32 banks failed so far this year.
Dow: 8212 +44 Nasdaq: 1719 +2 S&P: 878 +5 Oil: $52.80 Gold: $888.20 05.02.2009 Annual meeting for BRK, Buffett noted current Gov bailouts likely to be paid by inflation and undermine dollar, also said: ...the ultimate protection again inflation is "your own earning power." he also sees housing market stablizing at much lower prices, "We see something close to stability at these much-reduced prices in the medium to lower part of the market." In California, medium and lower priced homes -- under $750,000 -- have been selling more, although there hasn't been a bounce back in sale prices, Buffett explained. 05.03.04.2009 Second week of JF. 8.45am short. 10am short. 12.30pm short. 1pm short. 1.30pm short. 2.30pm short. Dow: 8427 +214 Nasdaq: 1764 +44 S&P: 907 +30 Oil: $54.55 Gold: $902 Strong rally on financials and bullish outlook for the economy. it's expensive sometimes to be a contrarian. Shorting continues tomorrow.
3/24/2009 变化今天 晴 凉爽
不是我头脑简单，而是TMD MSN越变越复杂了！！！！！！
03.29.2009
GM CEO Wagoner to step down and a fresh round of bailouts for the industry on the way. Record job datas this week.
G20 meeting soon in London.
03.30.2009
GM and auto industry's reality check. Financials down.
Dow: 7522 -254
Nasdaq: 1502 -43
S&P: 788 -28
Oil: $48.51 -$3.97
Gold: $917.70 -$7.60
03.31.04.01.2009
Dow:7762 nasdaq: 1552 S&P: 811, G20: No trade wars. North Korea really to launch satellite (or a missle), tensions in the area are high. House approved legislation that would limit compensation for executives and employees at financial institutions receiving money from the government's financial bailout package. Mark to market is about to change how the banks do their books, I guess drastic time calls for drastic measures. Market likely to descend late next week or so, bear rally is still in the play and short term outlook is still positive, ups and downs remain volatile. Jobless keep rising and surely will hit the commercial real estate sector.
This one is so hard to call with all these interventions.
04.02.2009
Bulls in the play. This one is built on soft ground.
pm. sold.
Dow: 7978 +217
Nasdaq: 1603 +51
S&P: 834 +23
Oil: $51.95
Gold: $908.90
Job data tomorrow, forecast to be 688000 at 8.5% after 651,000 were lost in February, 655,000 in January, 681,000 in December and 597,000 in November. So far 4 million jobs have been lost since this recession, and counting. The market drops for the right reasons, and goes up because the overnight bulls are now squeezing the shorts, those rising bulls today in a few days will turn into bears and the market will return to it's desceding path. Government interventions and the headline news are the fuels for the traders to act in this trader's market.
04.03.2009
U.S. nonfarm payrolls fell by 663,000 in March, while the unemployment rate jumped to a 26-year high 8.5% from 8.1%, the total number of jobs lost since the recession began to 5.1 million, the Labor Department reported Friday. Market had modest gains today, M2M change is still pushing the financials, how absurd. Quantitative easing continues....God i hope dollar is strong enough to hold.
04.07.2009
Back in New Orleans.
04.09.2009
WFC to make $3 bil. financials are stronger. Easter weekend. Earnings next week with GE, C, GS, JNJ, GOOG, JPM, INTC reporting Tue-Fri.
Dow: 8083 +246
Nasdaq:1653 +62
S&P: 857 +31
Oil: $52.24
Gold: $883.30
04.10.2009
Jess came home
  04.11.2009
My Mason turns 12!! HaPpY BiRthday son !!!
Love ya~
      04.12.13.14.15.2009
Earnings offered no direction so far, tommorrow and Friday should be more clear.
Dow: 8030 +109
Nasdaq: 1627 +1
S&P: 852 +11
Oil: $49.78
Gold: $893.50
04.16.2009
AM. JPM beats and GGP filed for Ch.11.
04.20.2009
Sell-off triggered by BAC quarterly results and profit taking. ORCL buying JAVA instead of IBM.
Dow: 7842 -290
Nasdaq: 1608 -65
S&P: 832 -37
Oil: $45.96
Gold: $887.50 +$19.60
04.24.2009
4 banks were seized by FDIC, market advanced for the 7th week in a row. Sometimes you have to jump back and recognize.
Patience is an everlasting virtue.
3/16/2009 Spring春天来了。
03.16.2009
PM
Profit taking, big fuss over AIG's executive bonuses to in-house derivative traders, the exact same bunch who brought down the comapny, go figure.
AIG surged 100% intraday on disclosure of it's counterparty list, many of the national and international financials groups and banks have received money from US taxpayers. now everything starting to wind down....there are still some upside potentials ahead...Funny how after C's positive comments last week and last night's Ben boost, everything's starting to look rosy again with a shower of positive comments and outlooks from BAC JPM BCS and so on, and seems like solvency is no longer a problem, for now.
But what goes up must come down and vice-versa, and the fundamental issue is: what make the banks strong?
March short term trading range revised: Dow 7555-5890 S&P: 790-612, the second part of the third wave will test new lows in 5-6 weeks, 22% drop from this rally.
03.17.2009
Dow: 7396 +179
Nasdaq: 1462 +58
S&P: 778 +24
Oil: $48.73 +$1.81
Gold: $916.80 -$5.20
Dad came home from China.
03.18.2009
Dow: 7487 +91
Nasdaq: 1491 +29
S&P: 794 +16
Oil: $49.48 +$1.34
Gold: $889.10 -$27.70
pm. short.
Fed is to print money to buy Treasurys, 300 bil bucks worth in six months while boosting the mortgages by lowering rates. this is not a good sign, some people or countries might be dumping US Treasurys soon. How can US Dollar stay strong? Oil is making a move above $50 just in time for the Summer, some said will hit $60-$70 range. IBM to pick up JAVA while financials and insurance issues showing strong gains. short sqeeze on C over prefer/common conversion.
03.20.21.22.2009
pm. covered.
Dow: 7278 -122
Nasdaq: 1457 -26
S&P: 769 -16
Oil: $51.06 -$0.55
Gold: $956.20 -$2.60
Oil, gold, greenback on the the spot light, dead cats are dying again. from here channel trade, trend's still up. M&A emerging and some actions of flight to quality.
After Hours: Congressional Budget Office released outlook on economy with 1.5% contraction this year and 9.4% unemployment. Oh my Lord...
20 banks failed so far this year, this weekend three banks seized and two large credit unions were placed under conservatorship. AIG bonuses balloned to $218 mil.
President Obama sent a video message to Iran to congratulate them on Persian New Year in hope to improve US-Iran relations. Iran leader says no thank you.
Final GDP revision on Thur. along with other stats. stay tune for another round of madness as the downward spiral takes another phase.
Flip that silver dollar: Dead cat bounce or the real thing?
03.23.2009
Super rally, with Treasury Department to make loans to private equity investors to buy up toxic assets from the financial system, another strong Government intervention into the ailing economy, hopefully this will bring back some confidence in the market.
Dow: 7776 +498
Nasdaq: 1556 +99
S&P: 823 +54
Oil: $53.54
Gold: $952.50
Targets and trading range revised.
03.24.25.26.27.2009
Recovery week three, looking good. financials, energy, and overall sectors performing strong and sentiments looking upbeat. Perfect time to turn short.
21 banks failed so far.
Dow: 7776 -148
Nasdaq: 1545 -42
S&P: 816 -17
Oil: $52.38 -$1.96
Gold: $925.30 -$16.90
2/28/2009 THE STIMULUS PACKAGE EXPLAINED(转贴)
THE STIMULUS PACKAGE EXPLAINED
Shortly after class, an economics student approaches his economics professor and says, "I don't understand this stimulus bill. Can you explain it to me?" The professor replied, "I don't have any time to explain it at my office, but if you come over to my house on Saturday and help me with my weekend project, I'll be glad to explain it to you." The student agreed. At the agreed-upon time, the student showed up at the professor's house. The professor stated that the weekend project involved his backyard pool. They both went out back to the pool, and the professor handed the student a bucket. Demonstrating with his own bucket, the professor said, "First, go over to the deep end, and fill your bucket with as much water as you can." The student did as he was instructed. The professor then continued, "Follow me over to the shallow end, and then dump all the water from your bucket into it." The student was naturally confused, but did as he was told. The professor then explained they were going to do this many more times, and began walking back to the deep end of the pool. The confused student asked, "Excuse me, but why are we doing this?" The professor matter-of-factly stated that he was trying to make the shallow end much deeper. The student didn't think the economics professor was serious, but figured that he would find out the real story soon enough. However, after the 6th trip between the shallow end and the deep end, the student began to become worried that his economics professor had gone mad. The student finally replied, "All we're doing is wasting valuable time and effort on unproductive pursuits. Even worse, when this process is all over, everything will be at the same level it was before, so all you'll really have accomplished is the appearance of doing something when all we did was the destruction of what could have been truly productive action!" The professor put down his bucket and replied with a smile, "Congratulations. You now understand the stimulus bill." AAAAmerican
BERKSHIRE HATHAWAY INC. To the Shareholders of Berkshire Hathaway Inc.: Our decrease in net worth during 2008 was $11.5 billion, which reduced the per-share book value ofboth our Class A and Class B stock by 9.6%. Over the last 44 years (that is, since present management took over) book value has grown from $19 to $70,530, a rate of 20.3% compounded annually.* The table on the preceding page, recording both the 44-year performance of Berkshire’s book value and the S&P 500 index, shows that 2008 was the worst year for each. The period was devastating as well for corporate and municipal bonds, real estate and commodities. By yearend, investors of all stripes were bloodied and confused, much as if they were small birds that had strayed into a badminton game. As the year progressed, a series of life-threatening problems within many of the world’s great financial institutions was unveiled. This led to a dysfunctional credit market that in important respects soon turned non-functional. The watchword throughout the country became the creed I saw on restaurant walls when I was young: “In God we trust; all others pay cash.” By the fourth quarter, the credit crisis, coupled with tumbling home and stock prices, had produced a paralyzing fear that engulfed the country. A freefall in business activity ensued, accelerating at a pace that I have never before witnessed. The U.S. – and much of the world – became trapped in a vicious negative-feedback cycle. Fear led to business contraction, and that in turn led to even greater fear. This debilitating spiral has spurred our government to take massive action. In poker terms, the Treasury and the Fed have gone “all in.” Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once-unthinkable dosages will almost certainly bring on unwelcome aftereffects. Their precise nature is anyone’s guess, though one likely consequence is an onslaught of inflation. Moreover, major industries have become dependent on Federal assistance, and they will be followed by cities and states bearing mind-boggling requests. Weaning these entities from the public teat will be a political challenge. They won’t leave willingly. Whatever the downsides may be, strong and immediate action by government was essential last year if the financial system was to avoid a total breakdown. Had that occurred, the consequences for every area of our economy would have been cataclysmic. Like it or not, the inhabitants of Wall Street, Main Street and the various Side Streets of America were all in the same boat. Amid this bad news, however, never forget that our country has faced far worse travails in the past. In the 20 th Century alone, we dealt with two great wars (one of which we initially appeared to be losing); a dozen orso panics and recessions; virulent inflation that led to a 21 1⁄2% prime rate in 1980; and the Great Depression ofthe 1930s, when unemployment ranged between 15% and 25% for many years. America has had no shortage of challenges. Without fail, however, we’ve overcome them. In the face of those obstacles – and many others – the real standard of living for Americans improved nearly seven-fold during the 1900s, while the Dow JonesIndustrials rose from 66 to 11,497. Compare the record of this period with the dozens of centuries during which humans secured only tiny gains, if any, in how they lived. Though the path has not been smooth, our economic system has worked extraordinarily well over time. It has unleashed human potential as no other system has, and it will continue to do so. America’s best days lie ahead. Warren Buffett
03.15.2009 Ben on TV http://www.cbsnews.com/stories/2009/03/12/60minutes/main4862191.shtml 1/7/2009 电影The Curious Case of Benjamin Button: Good
Valkyrie: Good
Slumdog Millionaire: Good
Marley & Me: Good
Frost/Nixon: ----
Defiance: Good
Eagle Eye: Good
Madagascar 2: Good
01.07.2009 AM
恶梦惊醒.
01.08.2009 AM
有时, 一些电影会让人找到另外的自己. 看过以后, 会觉得自己至今的一生也是一种, 传奇.
01.08.2009
Dow 8770 -245
Nasdaq 1599 -53
S&P 907 -28
Gold $841.70 -24.30
Oil $42.78
private Dec. job losses at 693000
01.09.2009
2008 job loss at staggering 2.6 million, highest since 1945.
Dec job loss 524000, unemployment rate at 7.2%.
terrible...
01.14.2009
30 yrs mtg benchmark at historic low under 5%.
01.15.2009
US Airway jet crushed in the Hudson River shortly after taking off from LaGuardia Airport, fortunately all 155 passengers and crew onboard rescued and safe!!
BAC asking for $15-20 bil bailout and C in trouble again, both reporting tomorrow. Financial turmoil part II.
01.16.2009
Long weekend with MLK's Day on Monday. Countrymen and medias everywhere are gearing up to celebrate for the upcoming Inauguration Day next week, and giving hope that our newly elected President will lead us out of this deepening economic recession.
Words are eloquent yet we'll see if changes promised will materialize, this time a simple "God Bless America" or cheer-leading might not be enough.
01.17.18.19.2009
Gonna be a big week ahead, gotta rest...
RBS in massive loss, expecting apx $42 bil. in 2008. UK extends bailout.
01.20.2009
Inauguration Day. Nation welcomes President Barack Obama.
Text of Barack Obama's inauguration speech:
UK and US banks in the water.
Dow: 7949 -332
Nasdaq: 1441 -88
S&P: 805 -45
Gold: $855.20 +$15.20
Oil: $38.74 +2.23
01.21.22.23.2009
In late 2008 Dow 8000 was the support, now in 2009 Dow 8000 is the resistance.
01.24.25.26..2009
Happy Chinese New Year !!!
新年好 !
牛~
01.26.2009
Timothy Geithner becomes Treasury secretary.
01.28.2009
Late Wed. House approved $819 billion in stimulus package, without GOP's help...all 176 Republicans and 12 Democrats voted against it, 244-188. wow~
Package includes infrastructure projects aim to create and save jobs, expand unemployment benefits, food stamps and health care, tax cuts and credits on payroll taxes, to spur business investment, hiring and energy efficiency blah blah blah, and this will bump up GDP and so on the goodies. Next stop is Senate next week, which is more bipartisan yet more Republicans may say yea to the big spending, and the size of this stimulus might increase.
Now.....if they screw this one up, there is a saying on the street now: "you can't blame Bush for this one."
01.29.2009
Dow: 8149 -226
Nasdaq: 1508 -50
S&P: 845 -29
Oil: $41.43
Gold: $906.50 +16.50
Rod Blagojevich of Illinois got voted out from the office. Justice served.
02.01.2009
Super Bowl XLIII
Pittsburgh Steelers vs Arizona Cardinals
in Tampa, Florida
Play Of the Day--History in Making
18 secconds before halftime, Cardinals at first and goal, Steelers' #92 James Harrison intercepted Cardinals' touchdown pass and ran a 100 yards longest overturn in SuperBowl's history. Flagged(on offense) and after review, Pittsburgh's touchdown counts! Pittsburgh leading 17-7.
Cardinals gave a good fight in the second half, was actually leading 23-20 with 2 1/2 minutes on the clock and 2 timeouts left...but 35 seconds left on the clock, Steelers scored a TD and took the game 27-23.
Both sides showed the true spirit of a football game. Steelers become the only team that holds 6 Super Bowl titles in the history of NFL.
Amazing game, great fight !
02.02,03,04,05,06.2009
BAC at multi-year low on fear of nationalization, AIG went below a buck, companies cutting dividends to preserve cash, biggest job loss since 1974, and then finished the week with the Obama Rally. This week the street waits on signs from Washington, stimulus package and bailouts and all the goodies for everyone.
Dow: 8281 +218
Nasdaq: 1592 +45
S&P: 869 +23
Oil: $40.17 +1.00
Gold: $914.30 +0.10
02.06.2009 5pm Friday
Senate reached deal on the Stimulus, which includes tax cuts and infrastructure spendings, may reach $1 trillion.
It will be voted as soon as Friday night.
02.10.2002
Dow: 7889 -382
Nasdaq: 1525 -67
S&P: 827 -43
Oil: $38.14 +0.58
Gold: $914.20 +21.40
A bit of reality check with volatile session in the markets today. Senate hammered out the outlines for the "Great Stimulus Of 2009" now comparing notes with the House. This week of financials will be exciting to watch.
02.11.2009
yawn~
02.12.13.2009
House passed Stimulus of $787 billion.
02.14.2009
 Happy Valentine's Day02.17.2009
Obama signed Stimulus.
Markets retested Nov. 2008 lows, financial issues were in freefall and blood everywhere...pretty much based on the news that everyone already knew. GM is about to fold and with Chrysler are asking for more bailouts, Obama may turn them down and force GM to seek for bankruptcy protection.
Well my guess is, this retest will not sustain.
Dow: 7553 -298
Nasdaq: 1471 -64
S&P: 789 -38
Oil: $34.50 -$0.43
Gold: $967.50 +$25.30
02.19.2009
Dow hit new closing low at 7466, S&P 779. Financial issues tanked.
02.20.2009
Nationalization, from RBS to C and BAC
Markets tested Nov. lows, financial issues were trading in deep waters on the worries of BAC and C's possible (short term?) nationalization.
Dow fell more than 200pts intraday, closed with strong rebound....it's going to be a long long week ahead.
Dow: 7366 -100
Nasdaq: 1441 -2
S&P: 770 -9
Oil: $38.94 -$.94
Gold: $1002.20 +$25.70
02.21.22.2009
Happy Mardi Gras!!!
02.22.2009
Dow hits 1997 low
A fine bear run, a bloody monday on Wall St. with new round of heavy sell-offs hammering financial and just about every issue in any sector. Rumor has it that AIG might go belly up and the rest of the bunch looking green (red) on NATIONALIZATION, pretty soon we're gonna be just like CHINA Inc.
Well, should have a nice bounce tomorrow from here.
Dow: 7115 -251
Nasdaq: 1388 -54
S&P: 743 -27
Oil: $38 -$0.44
Gold: $995 -$7.20
02.23,24,25,26.2009
Those ups and downs...the trading range is getting narrower unless we break out new lows next week, nice bounces for the financials and insurancers.
China Life in talk with AIG for AIA unit, Obama administration's budget layput, Ben said save the banks first and rest of the growth will follow, and the market just went up and down in wild swings in this past few days....
We should resume falling tomorrow.
02.27.2008
Fed agreed to convert some of C prefers to commons, that oughtta dilute the crap out of C shrs as investors took it down 39%. GDPon the Q4 2008 contracted 6.2%. Feb. 2009 Dow dropped 11.72% S&P down 10.99% and Nasdaq gave up 6.68%, worst Feb. since 1933. multiple heavyweight financial issues broke ground and prices became literally in free falling. Got two offers from the house so fingers crossed.
Dow: 7063 -119 intraday low 7033.62
Nasdaq: 1378 -14
S&P: 735 -18
Oil: $ 44.76 -$0.46
Gold: $942.50 -$0.10
02.28.2009
Rumor has it, AIG is going to ask for more dough from Feds on Monday...
A few phenomenons that I think might happen this year: A self reminder.
Migration of people to states where standards of living are lower; National and regional bank failures(now happening every week, 16 banks so far seized), protests and social unrests in small groups; short term rebound of the financial market especially the banking and insurance sector in the second week of March, Dow touch or break through 6500, S&P 660 Nasdaq 1025; gold at $1200/oz oil $70+/bl; AIG C BAC restructure( a better word for nationalization); Mortgage related financials go CH.11, 30yr fixed mortgage rate to 4.0%, unemployment rate climb to 8.1% and home foreclosures worsening, trade problems if not trade war with China, US bond market going under, massive personal and corporate bankruptcies. Cash is no longer the king, credits and new laws from Gov. come back to save us all, CDS CDO still in focus and the world-wide de-leveraging continues...Finally, FED $ printers ran out of ink.
03.02.2009
March starts with a bang! Dow: 6763 -300 Nasdaq: 1323 -55 S&P: 701 -34 Oil : $39.61 -$0.54 Gold: $940 -$2.50 AIG reported huge losses and to receive more TARP, HSBC to raise $17.7 billion on the market. 03.03.2009
Insurers got fried with credit agencies' downgrades, Dow down slightly at 6726 and S&P below 700 at 696 Nasdaq at 1331,
gold might be going down soon at $913.60, and after 10% drop in crude yesterday, oil remains steady at $41.47.
Rebound tomorrow. Cover shorts and Buy.
03.04.2009
Strong rally, intraday good for 250 pts before closing 150pts up, WFC, BAC, JPM outlook negative at Moody's for possible downgrades...credit agencies should all get shutdown, not only they did not foresee this crisis but they helped to fuel the deterioration. insurance rebounded from lows while chinese issues all strong following Shanghai 6.2% surge.
03.05.2009
Market tanked 300pts+ intraday, closed at lows with financial issues way down, job data should be already baked in, worst in almost 60 yrs.
Rebound starting tomorrow, my guess is 400pts+.
Dow: 6594 -281
Nasdaq: 1300 -54
S&P: 683 -30
Oil: $43.94 +$.23
Gold: $927.80 +$21.10
03.06.2009
Jobless rate at 8.1%, payrolls fell 651000. Dow broke through 6500 intraday. Buy.
Senate Banking Committee pushing AIG for the names of it's counterparties on CDO and CDS. From Fortune's 15 name list GS and some other well-known foreign banks included, it's gonna be ugly.
03.07.08.2009
ZZZZZZZZZZZZZZZ and eat.
03.09.10.2009
How do you find value when value can not be determined? Mixed signals released from the dynamics of the market is to sort out some issues beyond my comprehension at this point, how am I to predict the direction of where to go from here? Hedged.
03.10.2009
SUPER RALLY worldwide!
Citi's CEO said so far in 2009 they r making money....what the XXXX....how? no more write-offs?
SEC might bring back the up-tick rule....kinda bad for shorties.
Dow: 6926 +379
Nasdaq: 1358 +90
S&P: 720 +43
Oil: $45.77
Gold: $895.90 -$22.10
2.50pm sold.
03.11.2009
Obama doing $275 billion to modify mortgages. GS says short AXP and buy MS...how ironic.
AM...So finally we got the much anticipated rebound, now no one knows where to go.
Who wants to be a gutsy hero? PM....Freddie's asking for $30.8 bil more....geez where is the cap?
03.12.2009
1.pm BAC ceo said they are making money too, market's going steady so far this morning. DOW up 160pts over 7k and seems like a selective gruop slowing down on profit taking, shorts will come back next Thur or so when the DOW get's over 7500-7700 or so and from there it should break all lows that we made in 03.07-03.10.
The beginning of the third wave, this down trend is not yet over. the pedictions made last year were on the dot but it was made under more optimistic circumstances.
Downside risk is still very much alive, and if one of those big boys goes under, the upbeat sentiments now will get hammered...safe so far but gotta think clearly....specially 03.20.21and the first week in April. it's gonna be a calmer market from here with trading range for March so don't stay long.
Gotta trade.
Dow: 7170 +240
Nasdaq: 1426 +55
S&P: 751 +29
Oil: $46.77
Gold: $924.00 +$13.30
Sweet~
03.13.2009 Friday the 13th
AM Market worries about dollar strength and comments expressed by China's primier over the safety of US Treasurys. China owns $696 billion of US Treasurys as of Dec.31, 2009 and much of it's nearly $2 trillion foreign reserves are in US dollars. And of course, profit taking.
PM Insurance groups staying strong and banks mixed, get really to short on Thur for pull backs on reality check. short term up trend holding.
There is always something, never bored.
Dow: 7224 +54 up (up 9% for the week)
Nasdaq: 1432 +5 (up 10.6% for the week)
S&P: 757 +6 (10.7% for the week)
Oil: $45.71
Gold: $930.10 +$6.10
03.14.15.2009
Fed Chairman Ben Bernanke on CBS 60 Minutes talking about the economy, he said recovery on the way around early 2010.
roughly figure markets move 6 months before or so and give it a take, Sept, Oct of 2009 will have another drop and maybe by then with capitulation.
well, i guess he's saying this is another bear trap....Another big news, AIG's giving out $450 mil bonuses to it's employees.
Oh geez, this one is good....talk about timing.
12/6/2008 Israfel
11/20/2008 Oh, Lucky MeME, 英明.
11.23.2008
Citi Group Bailout....worth billions, again.
Happy Holidays.
next~~~
11.24.2008
Looks like General Growth got a white knight.
11.25.2008
Mtg related issues got a big lift on record mtg rate drop, that's good news.
stick with the agenda and the fundamental issues and we'll be alright...
A good time to test new lows with holiday schedules, the turkey is gettin' fatter.
11.26.2008
Mumbai was attacked by terrorists, so far 119 dead and several hundreds injured.
This world is such a mess now...or has been?
11.27.2008
So much food yet so little time....
Happy Thanksgiving
11.28.2008
Black Friday, a sad day for a Wal-Mart employee who got mowed down and killed by a bunch of savages rushing to look for a few bucks of savings. In a time of economical downturn and recession, people not only lose their money and oftentimes their senses on what a basic human being should be.
No decency, no courtesy, no respect, no heart. My fellow Americans, what are we becoming?
If this had happened because of food and hunger then I would understand, yet the true tragedy within was that today a man died in vain because of some greedy holiday shoppers.....
People, get a life.
And on Citigroup:
Guess no one is willing to take any responsibilities on this financial crisis...that's gonna be a problem looking forward.
Bill Ackman on hedge funds and cds:
Warren Buffett on economy and investments:
12.01.2008
Tony and Mumu came visit.
Dow -680
Nasdaq -137
S&P -
here we go again~ low low low.....
12.02.2008
Busy busy a bit busy~~
12.03.2008
Why is my msn space looks like facebook when I get on?
I really hate it when they do that....
12.04.05.06.07.08.2008
Buy on the second sound of the trumpet.
From golden parachutes to dollar executives, credit crunch to liquidity traps, federal goverment bailouts to muni bonds,as the de-leveraging process in the global financial market continues and Main Street America is feeling the pinch from deepening recession, things are not looking upbeat as 2008 coming to an end and perhaps, the prelude of the year of "The bad old days". New phrase for today: Capital calls. Financial institutions, pension funds and individual investors are missing payments committed to venture capitals and starting in October are in the risk of defaults. It will take a bigger bubble to save this burst, and we sure are doing and blowing it; print print print(money), drop drop drop(rates), more more more(deficit). China Export and Import Bank (Eximbank) is lending 10 billion yuans to Chery Automobile, how nice, funds for strategic investments overseas?...Big Three bailout package going to Congress on Tue. BOND BUBBLE....holy shit, if this one goes then it's all over. Tue. well they've gotten $15 bil to start with, here comes another wave of bailouts! "That which does not kill us makes us stronger"....really?
I thought you have to kill the Big Three to make them stronger...no?
12.10.2008
God forgive me.
12.12.2008
SNOW!
12.13.2008
Lots to chew on this week with all kinds of datas coming out along with the FOMC meeting, the air in the market is getting eerie....
12.14.2008
God forgive me.
12.16.2008
DOW: 8924 +360
NASDAQ: 1590 +82
S&P: 913 +45
GOLD: $842.70
OIL: $44.00
Ahead of the rate cut (target rates at 0%--0.25%), GS reported (loss) better than anticipated MS reports tomorrow, REITs r up and auto related issues pending on bailout. drop in CPI biggest since Jan 1932 at adjusted 1.7%. so all good news and few bads and a happy rally but hell I still think 12.18.2008 Thur. will crash and Feb 2009 market will test Dow new lows. wild guess: Dow at 6500, Nasdaq 1025, SPX 660 will be a good buy.
12.17.2008
All's quiet in the eastern front....helicopter Ben at work.
Japanese Yen going to the roof at 87.40 to a buck.
12.18.2008
DOW: 8605 -219
Nasdaq: 1552 -27
S&P 885 -19
Gold: $860 -8.50
OIL: 36.15 falling from the sky.
Yen: 89.20 to $
12.19.2008
$489 billion (43 trillion Yen) stimulus package from Japan, also cuts interest rate to 0.1% from 0.3%.
12.28.2008
Israel airstrike killed and wounded hundreds in Gaza.
30 yrs fixed mortgage rate lowest since 1971.
11/4/2008 Super TuesdayPresidential Election 2008
10.00pm A big day in US history, Barack Obama is to be the first African-American president.
11.08.2008
7pm
Attended and enjoyed the school play Mulan.
James was so cute in the play with his costumes.
 11.10.2008
$586 billion China stimulus package.
AIG's new bailout package from gov.
11.11.2008
Remodel double lake property.
choppy markets.
11.12.2008 down
11.13.2008 up lots
11.14.2008
Welcome G20.
Now we are really in trouble....not that I am an antagonist or pessimist, but this world market is a goner.
Idea: 2% mortgage rates now, it will take another bubble to save the burst, but expansion is known to be effective against contraction.
gotta save housing before anything else on this one, anything else done prior would be just buying time.
11.15.2008
Ahhh...home sweet home.
Hanged with friends in Houston in the past few days to work on the house, had a great time.
But Houston is merely a city since my precious are in New Orleans.
Tonight the first chill of Winter is upon us, but we are warm at home.
***********On the economy
GM, Ford, get your motors runnin'...
Auto makers' bailout is making a push through Congress, and it shall pass. (another "Too Big to Fail" of course, big on unions.)
It's scary now the casual terms to count money are Billions and Trillions, it's bad enough that we have used up our own IOUs and now tapping into our future 2nd and 3rd generation's IOUs....keep the printing press hot boys, I need some US dollars to dry my hands....so silky, so soft......
11.18.2008
2009---A Year of The Bad Old Days
A Few Thoughts:
From inflation to disinflation to deflation, as greenback devaluates and hopefully achieve equilibrium in some for commodity prices; unemployment rate to rise to record high, which likely to trigger more defaults and foreclosures not only in housing markets but also in credit markets; smaller or regional banks are likely to be acquired by financial institutions in order to tap into local markets and to better suit a new banking "transformation", more insolvencies in the financial sector which will extend it's arms to smaller businesses abroad as present credit crunch continues. Crude likely to rise again and gold to be safe haven as US dollar falls, bankruptcy in both corp and personal level will rise as CPI and PPI likely to fall in consecutive sessions, as companies find ways to trim costs and consumer spendings will likely to come to a halt. Sources of funding for smaller and less well-capitalized banks and businesses may see some windows of ease opening, as deep recession fears will push regulators and government to inject more blood into the economy; mortgage and housing and CDSs CDOs are still going to be the major scenes that dictate the volatility in the marketplace...
The hard part is, how to turn this into my advantage....
(to be continued)
11.19.2008
 James turns 9          11.20.2008
Dow -445 at 7552
Nasdaq -70 at 1316
S&P -54 at 752
Oil $49.62
Gold $748.70
Nikkei 7869
HK 12299
10/25/2008 In God We TrustIdeology or zealotry, we all have to believe in something in life. The driving force behind of such belief
might be vary on individuals, yet in it's purest form, it will dictate upon one's thoughts and behaviors.
Sometimes the so called "self-correctiveness sense" in one, could not overcome such dictation and belief.
God guide me onto the right path and grant me foreseeing vision.
知错必改.
10.27.2008
12.30pm sold, 25% in stocks.
10.28.2008
9.00am sold, 15% in stocks.
Dow Jones, you wild thang....
FOMC meeting tomorrow.
Super rebound in the afternoon,
Dow up 889 to 9065, +10.9%
Nasdaq up 143 to 1649 +9.5%
S&P surged 91 to 940 +10.8%
Wild Wild Wild......
10.29.2008
Fed dropped 50 basis pts at 1%.
This one is widely expected, we'll see how low Fed will go.
10.30, 31. 11.1,2,3.2008
Worked, fished, attended parents' day in school.
Market awaits election result and fresh eco datas.
Idle a bit......
Shanghai new low at 1679.
11.04.2008
2.45pm sold, 0% stocks.
11.05.2008
buy on the rumor, sell on the news.
down day after election.
Dow -486 at 9139
Nasdaq -98 at 1681
S&P -53 at 952
gold $742.40
oil $64.47
10 yr. 3.70%
10/12/2008 Monday, I Love Mondays这个美丽的周末有凉爽的微风, 这是加州.
Let's rock to kickoff another brand new week~
Have a lovely week y'all.
Cold----Crossfade
10.13.2008
Super Rebound
DOW: +936 at 9387
NASDAQ: +195 at 1844
S&P: +104 at 1003
Oh wow, powerful~
10.14.2008
11.00am buy, 15% stocks
Bleeding Love---Leona Lewis
AIG's Greenberg seeking changes of financial terms on Fed's rescue.
Mr. Greenberg was AIG's CEO until 2005. so far AIG has used $70.3 bil on it's $122.8 bil line.
2% fee+ 8.5% on undrawns and 8.5%+LIBOR on drawn capital,
so far interest alone is added up to be at $1 bil per month...furthermore
MS got $9 bil injection from MTU and 9 big banks getting over $100 bil from Treasury.
Welcome to (DLS)----US Department of Loan Sharks.
Billions and billions just like the stars.
Talked to Debbie and realigned her portfolio at Edward Jones, will fix her 401k tomorrow,
It's sad, so many hard working Americans losing their lifetime savings lately...
10.15.2008
DOW down 733, -7.9%
Nasdaq down 150, -8.5%
S&P down 90, -9% another super bad day for the markets...
now we a gotta "new" agenda:
Economic slowdown
no duh.....
1.30pm buy, 18% in stocks.
10.16.2008 2AM
Nikkei -11% FTSE -7% DAX -6.5% HSE -7.6% S&P/AUX -7% shanghai -3.7% Sensex -6% Kopsi -7.5%
10.16,17.2008
trade.
10.18,19.2008
Such a nice weekend~
10.20.2008 5AM
Good morning America, are you ready for me?
It's Monday.
8.30am buy, 25% in stocks
10.21.2008
8.30am buy, 28% in stocks.
Markets down on corp profit outlooks...
go figures....=,=l
next year ought to be a year of inflation and devaluation of greenback, and...
unemployments.
10.22.2008
8.45am buy, 32% in stocks.
1.15pm buy, 40% in stocks.
2.45pm buy, 50% in stocks.
Now I am getting kinda serious.....
Oil and n resources down, earning season and outlooks r looking awfully sad.
Oy~Blood everywhere, God bless those with mutual funds....the so called "old money of America."
10.23.2008
11.30am sold, 40% in stocks.
ooops....
The Great American (Financial)Witch-Hunt of Twenty-First Century
"I'm shocked, shocked, to find gambling here."---- Captain Renault, Casa Blanca
The legendary Alan Greenspan, Former Fed chief testified before the House Oversight Committee today trying
to defend his legacy or to some, blunders. In my opinion, the blames for the downfalls with the current financial
crisis should be commonly shared by not only the financial professionals, but mostly the public in general.
So point the fingers of guilt at yourselves and everywhere, not somewhere.
I mean, no one seemed to complain when things were rosy.
The lesson here is simple: Don't buy anything that you can not afford.
And here is my personal fav line from Casa Blanca:
"Here is looking at you kid."----Rick, Casa Blanca
OK.
Shattered---O.A.R.
Play it again Sam~
What I've Done----Linkin Park
9/29/2008 Another Black MondayWoke up late this morning and saw some bad market actions, result of rescue bill failed in the House.
Well i guess the bailout package did not work so well since it's widely anticipated and priced in,
sudden disappointment is really a bad thing now on the all-sensitive Street.
bye bye Wachovia, NCC u r up next.
More bank failures coming soon, so hold down to your pants.
2:15 buy.
DOW: -777.68
NASDAQ: -199.68
S&P 500: -106.85
It's like the contrarians' dream come true, now it's global market meltdown.
This should be the dead-cat-bounce i've been waiting so patiently for.
SHOW TIME.
09.30.2008
Market rebound on broad anticipation with the "revised" bailout package to be passed on Senate tomorrow.
It's all about financials and politics.
10.1.2009
Senate approved. FDIC raised insured limits. rumor of AIG's AG unit to be acquired.
$850 bil. keep the change~
中国国庆. 祝各位假期快乐.
10.02.2009
Now we're "officially" in a recession....=,=
O really? now u tell me....
12.30pm buy.
10.03.04.05.2008
such a nice weekend with relaxing breeze.
Got some works done in Houston, everything is right on the dot, simply perfect.
Came home to New Orleans late at night and kissed my lovely children while they were sleeping,
they slept like angels with thundering snores. My precious, daddy is home.
Beautiful weekend to have kids following me around, they are a great help when comes to cleaning up,
lots of fun on doing simple things around the house, washing cars and dipping in the swimming pool,
and nothing's like a home cooked meal after 10 days in Houston. It's great to be home.
Tomorrow kids will have early release from school and we will go ants-hunti ng in our backyard.
Those tiny ants are taking over our backyard!
10.06.2008
Global markets meltdown, now things are getting out of hands....
12.30pm buy. so far 1.5% of portfolio in stocks now.
Dow was down over 800 pts before rebounding and closed at 9550,
Nasdaq broke through 1800 and settled at 1865, day low for S&P was 1007 and finished at 1056.
Black Mondays....and the notorious October.
A bold prediction: crash on Thur.
10.07.2008
11.00am buy. 2.30pm buy. positions doubled, now over 3% in stocks.
Another bad day on Wall street, DOW down 508 to 9447, Nasdaq off 108 pts at 1755, and S&P down 60 to 997.
Global rate cuts on the horizon, Fed might do another emergency cut or until next FOMC meeting this month.
10.08.2008
11.30am buy. 6% stocks.
Fed dropped rates to 1.5% amid global joint efforts to keep the financial crisis under control, yet they might be running out of options.
Presidential debate taken place in TN last night was boring, and short of concret and effective solutions for the current dilemmas
that we are facing, I was explaning the debate to Mason in details as he had this program for his homework.
From the economy to health care and foreign policies and energy issues, both candidates were talking ideology and the
good old American dreams, both had one clear message to be heard: No Increase in Taxes (and tax cuts of course).....and they are
going to try to fund the budgets through less imports on oil and so on. But understand this, reviving the housing market
and stimulate banks to lend again are the most urgent tasks in my opinion.
How did we get here at first place?
There is a fundamental difference on "We are (the great) Americans and we can do it!" and "We are (the lost) Americans and how are we going to do it?"
Money talks and bullshit walks, I say for now let's buy our way out of this one, so keep them fed stimulus checks and greenbacks printing.
I mean afterall, who cares about the inflation in the economy now?
ps. And to those who think that US is to blame in global financial troubles, look at your own country's stock markets and economy first.
Blaming USA is not going to make your life better nor to change a thing, because in this world, GREED will make money go round and round.
AIG asked for 37.8 bil more from the gov on top of the 85 bil. approved line for 2 years, which 61bil was already been drawn.
10.09.2008
11.00am buy. 8%. fingers crossed. it's good thing that world's central banks did the rate cuts yesterday or else....
Markets' dramatic down turn in late trading with Dow down nearly 679 pts at 8579 and Nasdaq down 95 to 1645 and S&P down 74 at 911.
Dow down 40% from year-ago peak.
Such an extraordinary period in financial market history and I am so glad that I get to see it.
Now shares just got cheaper~
10.10.2008
Babe's B-day
 10.10.2008 early
CRASH
World markets meltdown, all major indexes in bloodbath.
10.10.2008
Dow briefly touched below 8000
11.00am buy. 10% in stocks.
12.30am buy. 11% in stocks.
1.15pm buy. 12% in stocks.
intraday lows
DOW: 7882
NASDAQ: 1545
S&P: 840
Now am a bit impressed with the bears.
super rebound!
1.45pm--2.30pm - 800 pt dramatic rebound on DOW in 45 minutes, Nasdaq reversed over 100 pts, S&P over 75 pts.
Dow: 8451
Nasdaq: 1649
S&P: 899
Such an exciting week for the financial markets worldwide even though it was bloody.
This is a memory that I'll be telling my children and grandchildren about for years to come!
Happy Birthday babe, LG did really well this week~
9/20/2008 Craftsmanship and Super SundayPainting and repairing house in Houston all week, sort of busy in a fun way.
Dave and Kim are big helps and next week we gonna finish everything off so that the house would look brand new again.
It's self-fulfilling to work on the house I love and my pursue for perfection definitely drove everyone nuts,
we've even repainted the whole garage and touched up every single scratch and nick that we could find in the house.
Premium craftsmanship and utmost demands for detailness made this whole experience an exciting challenge.
Next week I'll have people working on the carpets and marbles countertops and then have my lanscaper redefine my garden.
We afterall, are in the business of Art.
*********cut
09.28.2009
Beautiful Sunday.
Bailout package betta be done on the hill today or else....
09.28.2008 late
Introducing " Emergency Economic Stabilization Act of 2008 "!!!
$250 bil NOW to Treasury, $100 bil upon presidential certification, $350 bil upon congressional approval, = $700 bil.
TARP(Troubled Assets Relief Program), executive pay and tax deduction limits above $500k and addtional taxes on companies who sold more than $300 mil of assets to Treasury at auction, 20% excise tax on golden parachutes other than retirement, taxpayers to receive stakes in the companies who use bailout funds, interests pay to financial institutions on required reserves, transparency post online within 48 hours on related transactions, (HopeforHomeowners) to reduce forclosures, inspector general, congressional oversight panel to monitor as well as Treasury to repot to Congress, insurance for purchases on troubled loans, taxpayer protection in five years with presidential bill to Congress to recoup projected losses....
President Bush: Thank y'all very much folks.
9/7/2008 Home Sweet HomeGot home in New Orleans today, some minor damages to the house here but easy fix.
Will start calling repair shops on Monday.
Kids and family are all doing great, just a bit tired but mighty glad to be home.
Now we'll just wait for hurricane Ike (a CAT4 now near Bahamas) for next week!
YoooooooooouHooooooooooo!!!! more hurricane holidays~
09.08.2008-09.11.2008 work
09.11.2008 911
09.11.2008 looks like hurricane Ike is heading to Houston,
it's strengthening as it moves forward closer to land.
called up friends there to check if everything is ok.
O Christ, why are those things following me around??!
09.12.2008 In New Orleans, winds started to pick up, howling through the night,
25-40 mph winds were making me wonder if this house will hold after Gustav last week.
It will and it must.
Houston is experiencing similar with little rainfall,
curfew was imposed at 8pm and things will get uglier after midnight;
talked to Kenny and some other friends there,
everyone is doing fine but just a bit nervous, I was told that my houses there are okay.
Storm is going to be worse according to the news and it has already flooded Galveston.
Some areas in Louisiana coast are flooded as well.
This storm system is huge and strengthening, now a Cat 2.
09.13.2008 Hurricane Ike made landfall last night with winds up to 110 mph, causing severe damages
along it's path. So far Houston and Sugar Land areas are still out of power, Galveston
and Clear Lake (Nasa) areas are devastated. Talked to Kenny earlier and found out that
his parents' business was wiped-out, his family is in the state of shock.
I am going to go back to Houston on Monday to check on the damages of our houses
there and to help out, it's hard to believe how often this is happening to me, Ike is the
fourth hurricane that I have to deal with in the past three years. I guess now am officially
a hurricane expert.
May things go well with our friends and family in Houston and everyone gets through
this catastrophic event safely.
God bless.
1.Katrina(New Orleans) 2.Rita (Houston) 3.Gustav(New Orleans) 4.Ike(Houston)
********************************cut****************************************
09.14/15.2008 opportunities in crisis.
Leman failed and filed chapter 11 and Merrill did a fire sale to B of A, just days from FRE and FNM got bailed out by US gov, Dow dropped 500 pts and AIG is in tons of trouble, now all eyes on GS and MS and the banking sector facing unknown numbers of melt downs and so on....Sept of 2008 marks new heights of hurddles in crisis for the already troublesome US economy and on top of that, two hurricanes just hit me from left and right which affected my business and houses.
This is a year that is full of challenges and this year, CASH IS KING.
I love it.
09.16.2008
Fed rate steady at 2%
Takeover options for AIG including placing under conservatorship by US Treasury.
share touched $1.25, Lehman at $0.15 to 0.30...Soros lost his ass on this Lehman call.
there is a good lesson to be learned here: The so called finacial gurus are human too, their guess is as good as mine.
well, almost as good as mine lol
09.17.2008
Sure enough, more bailouts....$85 bil worth for a single institution.
I guess AIG looking prettier than Lehman bros (sigh), still can't figured out ok for Bear 2Fs and AIG and why not for Lehman?
it's the decisive 2008 slogan: TOO BIG TO FAIL.
Ahhh....the all generous American taxpayers~
and now the money market funds come on this sad stage...episode "breaking the buck"
first the ideology, delusion, ignorance, deception, denial, crisis, bailouts, then....witch hunt.
"when irrational exuberance becomes irrational pessimism and distrust.... "
Let's not go there.
09.17.2007 late
Flight to quality on short term T bills, safe haven in gold and LIBOR in nine year high. That should be enough market capitulations for now.
MS GS WM seeking suitors and I bet Citi will tumble later, WFC 'still strong while BAC, JPM "bargain" hunting and BCS got Lehman's US Investment.
so who's panicking? hedge funds next.
else where in Asia: 09.18.2008, HSI down 7.1% seven day sessions accumulated 22% loss, Shanghai Comp lost or losing 6%+ at 1806, BUY.
09.18.2008
BUY.
A good day in the markets.
shorts got cornered AND smashed by the longs and regulators.
09.18.2008 late
China initiatives to boost investor confidence, Shanghai Comp up 9.45%, HSI up nearly 7%
nice move!
09.19.2008
DJIA up 7% in the past 2 sessions and looking forward everything is bound to be rosy next week.
shorties not allowed on the financials and short coverings everywhere, btw Russians got creamed this week and
shut 'em off for 3 days until reopened today(Friday).
profit taking next week and I expect market to crush in the first week of October or so due to
another Wall St. icon(s) going under. (And if so, who says history does not repeat itself? the infamous October)
This of course is far from over but the spreads are lovely.
stay alert and happy trading.
Five days that shook the financial world, extraordinary week for the world's financial markets.
09.19.2008 late
How do one measure Time in sense of money? we'll find out.
Regardless of the effectiveness of boosting much needed market confidence and efforts of avoiding (or atleast alleviate)
financial catastrophes by governments, I am sure a lot of people will sleep better this weekend and having Hope in mind,
that afterall, the Big Brother is watching(out for) us all.
Yet the credit crunch, the subprime fiasco, the insolvency troubles, bankruptcies and bank failures,
bailouts and rescues from Knights in shiny armors, and even what to have for lunch tomorrow on and on,
are still around us and very much alive, and we shall live on.
How much Time can trillions of dollars buy? O the Great ones, I hope you are right.
"Do not despair. The misery now upon us is but the passing of greed, the bitterness of men who fear the way of progress."
Charlie Chaplin
---The Great Dictator
09.21.2008 Sunday
GS and MS to become BANKs....investment bankers no mo.
a full circle from Glass-Steagall of 1933, which was repealed in 1999.
now, who's gonna put money in there?
09.22.2009
House might block the all-wonderful $700 bil bailout plan proposed by Paulson & Co, power struggles on the hill and markets sold off.
"O trust me, I'll fix everything" just ain't good enough anymore lol
Oil spiked 16 bucks and financial skies r becoming murky again.
If we had learned anything from the past at all, is that there is no quick fix in finacial crisis of this magnitude.
But I still believe the Chinese makets have hit the long term bottoms and still a good buy at this level.
Waiting patiently for a super crush here in October, wonder which biggie bank's gonna go under.
That would be the ALL-IN moment I've been waiting for.
Fingers crossed~
09.23.2008
Berkshire Hathaway to invest $5 bil in Goldman Sachs in prefers and $5 bil more in commons within 5 yrs.
Japan's Nomura holdings' buying into Lehman's Asia and Europe ops.
AND...more finger pointings on who's to blame for what we are here in the economy....Oh for fucks sake.....
wake up people, let's do something constructive NOW and move quickly to save this one big ugly crisis.
who's fault? It's all Money's fault! so keep printing.
09.24.2008
"BAILOUT PACKAGE NOW!"
well, that's what Bush was saying.....=,=l
say Mr. President......we're kind in this mess for a while now you know?....
09.25.2008
Holy shrimp....WAMU just failed and seized by Gov and auctioned off to JP Morgan Chase.
China approved margin trading and short selling. wow.
these heavy bombshells oughtta rock the markets tomorow...
09.26.2008
sold.
unfortunately, this is not IT.
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