Duke Wong

What Would a More Stressful Test Tell Us?

We don't know enough detail of the stress-test. wait and see.
If stress-test can evaluate the asses value transparently then it's good, the investors more comfortable and then finance will start lending and it will be good for economic.
Mark to market rule was eased that was make many investors uncomfortable.
I believed, last market rally was just a technical rally because many investors still stay on the side line. Hopefully, more investors will get in after the stress-test.
As Obama mentioned, the problem have to fix right, it can not change quickly. He believed, we are going in the right path.

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,