Duke Wong

The Problematic Banks

I would like to find out: Asia's market had been hitted last couple weeks. Why asia market are getting trouble and US and Europe market are up? Is there nothing related?

Any one know, please post.

Cramer's Mad Money - AIG: Criminal or Stupid? (3/18/09)

Citi-Group, NO STOCK AVAILABLE FOR SHORT.

Swab, TD-Ameritrade, Scott have no stock for shorting C. My freind told me the SEC doesn't allow to short Citi-group.

Is it true?

The Three Kings of Wall Street: Gifts of the Magi Lifted Last Week's Market

MARK TO MARKET.
if mark to market rule is suspended then it'll bring up the banking value but the true problem is not fix.

The main problem in our system was financing error. It pulls other sectors to go with it. Actually, other sectors was not that bad as it's be.

Hopeful, the stress test could stabilize the financing system and the system is recovering in the stabilization manner. The investors will be more confidence.

For the investing, there could be loss or gain but we don't want to end up with more loss because the true value is in the mistery.

HOW DO WE EVALUATE THE CURRENT ASSESS?

Bernanke Is Right: 'Transparency' Is Important

How do we evaluate the asset? Mark to market was the fairness system and transparent to the investors.

Recently, market were too volatile which scared the investors. It was favored to short term trading and manipolator.

Why Friday Was Such a Critical Day for Bank Stocks

I'm supporting Obama's stress-test. We need to have a strong fundamental. When fundamental is strong then market will recover and even go higher.
Most media just concerns about the market, cry for the bailout as the temporary solution. I think market will adjust by themself.
The currently economic and financial can not be fix in few days, a week or a month. It needs a few quarters or more. I read many reliable articles, most of them forecast until the end of 2009.
Patient, Let Obama to do his job. I belived he knew what it need to be done.

U.S. Rejects Nationalization of Citi and BAC

"STRESS TEST".
Goverment doesn't like bank nationalization. But an bank that can not survive then it needs to be nationalized.
The administration will tell us after the stress test what bank is nationalization or None of them are nationalization.
If you want to make a profit on the stock market then bet for the survival.

Guaranteeing Bank Stock Prices Is Not the Answer

I'm supporting Obama's stress-test, We can not keep spending taxpayer money. If an bank that doesn't fit to the currently environment then let it fail, we only support the working bank and bring up our economic.
We need time to fix. The time is depending on the problem, the bad problem would need more time.
The stock market could drops further but it will recover when the fundamental is good, the problem is fixed.

Avoid Single Digit Midgets, Consider Gold

What is the disadvantage if Citi and Bank of American go to be nationalized? Is that means, goverment is going to buy them? Thanks,

The Road to Bank Nationalization

I read a lot of articles about the amount of toxic credit, most of them said it would be around few trillion dollars. Is there any way to know more precised number?
I concern if the toxic was too high comparing with amount of bailout then how would it work? Does government know it? If they knew, then why they're doing it?