Frank Rong

43 Comments

    • Financials and Housing: The Outlook Remains Ugly [view article]
      Nothing new from this article. Yes, many lenders will disappear from this mess, but overall, american consumers will benefit from this mess as home prices finally coming down.

      Just like any industry, when prices of a commidity goods(housing this case)move up, more competition come in, thus more of the commodity being produced, eventually prices felt back.

      American consumers go best of the deal, since many of them bought prices high with no money down, how much will they lose? Nothing

      Aug 20 07:00 AM
    • Interview with Jim Rogers, Part I: Bigger Financial Shocks Loom [view article]
      Jim Rogers is the next Angelo Mozilo. China bubble is bursting, and Chinese economy is on the verge of collapsing , so will commodity bubble
      Aug 19 10:08 PM
    • The Great Consumer Crash of 2009 [view article]
      Well said, And this really proves to me that this is the TIME to by stocks.
      Saving rates are flawed due to government calculation.
      real estate mess is another perfect example of free market system. As home prices moved up, more competitions moved in, more homes being built and prices will eventually fall. nothing worng with that. I am surprised so many people are so shocked with the fall in prices.

      asset= liability + equity.

      Yes, Liabilities in this nation on the rise, primarily due to home mortgage debts, but so what, we have plenty of asset and equity to pay off debts.

      Relax. You live in a best country in the world. American stocks are very cheap. A big bull market has already begun,       Aug 19 10:04 PM
    • Financials To Resume Meltdown Momentarily [view article]
      credit cards will not blow up for sure. Jason is very short-sighted. he has no clue how card companies make their money.

      seekingalpha.com/artic...
      Aug 16 04:24 PM
    • 'Panics Do Not Destroy Capital' [view article]
      Credit card underwriting is based on the ability to pay, sumprime, no underwriting standards. credit card- high barriers to entry. Mortgage lending - no barriers to entry.

      Mortgage messes are expected. rising home prices made homebuilders rish, then they build more until we had too much inventory, then the bottom felt out.

      Credit card business are entirely different. few large rational players. During last two recessions, profits in industry did not get affected.

      Your linear thinking is absurds       Aug 14 08:26 AM
    • Market Outlook: It's Still All About Housing [view article]
      Mark,

      It's Frank, your Edward Jones Buddy.

      I think the most financial stocks have bottomed. The best time to buy financial stocks are during the credit crunch. i.e. lot less competitions in lending business, thus higher net interest margins, and better quality clients.

      I think we entered a recession in December 2007 and we are approaching a recovery phase now.

      Many financial stocks are on sale right now. It's time to be very very bullish. This is a "once lifetime" opportunity to buy many high quality finanical stocks cheap

      Commodity bubble is bursting. Jim Rogers is the next Angelo Mazilo.       Aug 12 06:11 PM
    • AmEx's Pain Likely Discover's Gain [view article]
      Morningstar is sure better than most of stock analysts, but I am not a fan of morningstar. they cover too many stocks and try to be expert on everything. Many of their research are flawed. Aug 11 10:24 AM
    • AmEx's Pain Likely Discover's Gain [view article]
      Steve,

      I have nothing to hide, I am not greencapital, nor MA trader       Aug 11 10:21 AM
    • U.S. Savings Rate To Increase, Finally [view article]
      0% saving rate is false. The way to calculate the saving rates in this nation is flawed. Amercian consumers pay 15.65% social security Tax to uncle sam, that should be accounted as saving. And also, the saving rate does not adjust for principles and interests. eg. If you pay a monthly mortgage payment of 1500, that 500 is principle, and 1000 is interests. 500 should be called savings.

      In fact, American consumers are the biggest savers in the world.

      News media is the most stupid segment of our economy, many reporters are retarded socialists.       Aug 08 06:37 PM
    • The Great Bubble of China: Next to Pop? [view article]
      Howard, My email is mrrong@hotmail.com. We can be friend, and exchange some ideas.

      Thanks       Aug 07 06:43 PM
    • The Great Bubble of China: Next to Pop? [view article]
      Howard,

      You are very good, Tell me what you do for living and how do you so much about China?       Aug 07 05:03 PM
    • 24 Fundamentals of Market Bottoms [view article]
      David,

      Your article is pointless. You only know we had a bottom long after it happened. It's completely useless to "time" a market bottom.

      There are many financials stocks are selling for less than 50 cents on a dollar. It's time to buy and forget. I don't need Mr. Market's opinion. Mr. Market is here to serve you, not to guide you. Stocks are cheap

      Aug 07 02:58 PM
    • The Great Bubble of China: Next to Pop? [view article]
      canbj88,

      Thank you for your input. I sent this articel to Jim rogers first, I got a very nasty reply from him, He called me an idiot.

      Anyway, let's watch the Chinese trainwreck to unfold, it may take a year or two       Aug 07 11:19 AM
    • The Great Bubble of China: Next to Pop? [view article]
      No, If China slows down, that will be a great news for U.S. less competition for commodities, and the most important of all, all these dumb money mindlessly invest in China will find a way in here.
      I expect a big bull market for US stocks ahead, from money flow back into US       Aug 07 08:25 AM
    • Five Great Businesses Currently on Sale [view article]
      BuyLow,

      Read it here on AmEX
      seekingalpha.com/artic...       Aug 06 12:31 PM
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