Reading Time: < 1 minute I went to the China Merchants Bank today, to exchange some USD into CNY. The rate is 7.5544. From what I read, the US senate has passed a bill to push China to appreciate the CNY more faster. That certainlly did not help me (get more Chairman Mao for my green backs). On a positive
Reading Time: < 1 minute Got back to Shanghai in the weekend; my limit observations in past 2 days suggest those two are hot besides the weather. Don’t run and buy stocks solely based on this. Crocs: I saw people wearing Crocs near Zhongshan Park, at Hongqiao Parkson Shopping Mall and Jinjiang Chef (restaurant). Today my co-worker told me this
Reading Time: < 1 minute The local temperature is 29 to 38 Celsius, or 84.2 to 100.4 Farenheit. Stock market: Shanghai composites is edging up to new high (at 4398.79 as of 10:25 AM July 30 local time). I will talk about the craziness of “Crocs” in Shanghai later, and Sheng Jian Bao place. I think I will miss a
Reading Time: 2 minutes Today Bill Miller must be very happy, as his fund (Legg Mason Value Trust) core holdings Amazon (5% of $20 b, roughly $1 b) went up more than 20%, this is the second time AMZN came out with a blockbuster quarter this year, and the stock has been up more than 100% in the past
Reading Time: < 1 minute made history today. I am talking about the YouTube CNN Democrats Presidential Canidates debates. While people are talking about who won the debates, I think both Google (GOOG) which owns YouTube, and CNN (owned by Time Warner, TWX) won this thing. Finally YouTube starts to get serious? And CNN is fun to watch (especially for
Reading Time: < 1 minute Today I saw in the news that Opsware (OPSW) is bought out by HP. Interestingly, OPSW is one of the first stocks I bought in my Scottrade account. The reason I bought it is simple: it’s being mentioned in the Kiplinger Personal Finance magazine, and its founder and CEO Marc Andreessen is the developer and
Reading Time: < 1 minute 1) Walmart and Sam’s club: my friend thinks wal-mart has the lowest price for most things. He is looking for a mattress, and he asked why “Wal-mart does not carry the mattress”? I think the implied meaning is: he can be sure getting a deal if it’s sold in Walmart. I know many people have
Reading Time: 2 minutes From CNNMoney, the full article is here: I was nine years old, and I walked in to see my father reading the financial pages of the newspaper. And they didn’t look like the sports pages or the comics or whatever. So I asked him what they were. And he said they were financial pages. And
Reading Time: < 1 minute 1) StrengthTrader listed the greatest investors of all time (in Chinese). Among them I am familar with Buffett, Fisher and Lynch. I think Bill Miller is the Peter Lynch in current Mutual Fund world. 2) Alibaba is hiring, they are adding 2,000 people by the end of 2007. Meanwhile, Ali’s little bro Ninetowns is shrinking,
Reading Time: < 1 minute Yesterday Dow Industrial closed above 14,000 the first time in history. Many people, bulls, bears, analysts, CEOs, ordinary workers,…all get excited about this. Many US workers have 401k plan, and I bet some of that is invested stocks (indirectly through Mutual Fund). But Dow Industrial is NOT a good indicator of the overall stock market.
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