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Frank Rong1 » Comments » SPY

  • 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 22:04 pm |Rating: 0 -1 |Link to Comment
  • 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 18:11 pm |Rating: 0 0 |Link to Comment
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