Reading Time: 2 minutes The spring finally came, or one can argue the temperature yesterday in St. Louis is like summer (above 80 Fahrenheit). I already cut grass once, and this morning I did a bit more yard work. I like yard work, to some extent. It made me to move a bit, in addition to run / walk
Reading Time: 2 minutes Note I have not talked about Chinese stock market for a long time (this is last time I talked, 2007 when I spent 6 months in China). It gets interesting lately because of its big drop and swing. Keep it a bit in perspective, the Chinese stock index Shanghai composite did not do well in
Reading Time: 3 minutes 炒房揭秘内幕(translation by Google translate below). Let me summarize because Google translate did not do a good job. The guy was in pawn business. He used little own money to buy a house (he borrowed the money from bank). When the one year loan is due, he was very worried because his money is stuck in
Reading Time: 2 minutes Shanghai housing price heated up again recently, according to famous Shanghai blogger Wang Jianshuo. It’s no secret the stock market (Shanghai composite index) rebounded from 1,700 in last Oct. to 3,400 in last couple days, an 100% increase. CNN had an article How to say bubble in Mandarin. Video below.
Reading Time: < 1 minute Some signs of the stock market is cracking: 1) The leaders such as Google (Nasdaq: GOOG), Apple (Nasdaq: AAPL), Berkshire Hathaway (NYSE: BRK.A, BRK.B) are retreating. 2) CIC is thinking about buying equities again, Renaissance Technologies is one option (last time CIC pulled trigger, it bought Blackstone pre-IPO at top). 3) Goldman Sach is selling.
Reading Time: < 1 minute I have talked about investing in China many times in this blog. Recently a good friend of my wife asked this question: how to protect her parents retirement (life style) now that they are near retirement? I think this is a very good question, also a very common one. Recently I read Charlie Munger’s book
Reading Time: < 1 minute Obviously when Chinese track star Liu Xiang quit the race due to heel injury, we are all disappointed. Not only the fact he could not get a “face saving” gold medal, and he is China’s only hope on track and field (at least from men side); but also the fact we did not know how
Reading Time: < 1 minute Beijing Olympics offically started just couple hours ago. Thanks to NBC pursuit of rating and advertising dollars, US auduiences won’t see live broadcast of the opening ceremony. A video playback will be shown tonight at 6:30 PM at local NBC channel (KSDK channel 5 in the case of St. Louis). It will last 4.5 hrs.
Reading Time: < 1 minute Couple days ago I suggested the China stock market could have a relief rally after Olympics, when the party is over without major glitches. I still belive Beijing Olympics will turn out to be ok, amid so much worries from human rights protests to security threats. I also believe Chinese economy will not stand still
Reading Time: 2 minutes Yesterday was another brutal day in the Wall Street, or the Bay Street (Toronto), or SSE (Shanghai Securities Exchange). According to the number, the Dow is now officially in bear territory. General Motor (NYSE:GM), a Dow component and an American icon, hit 53 years low. It closed at $11.43. So, should we go bottom fishing?
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