Ryu Mei Co

$59 Billion Dubai Debt Default Could Have Much Wider Implications

Expect a gigantic short squeeze in USD! This is the type of catalyst, in my opinion, that will turn the already very bullish market. I will expect the market to fall for the next few weeks as more and more bad news surfacing. Time to cash in and move into bonds or ETF shorts. I prefer the ETF shorts more.

Funny, that this Dubai Turkey Bomb exploded on Thanksgiving Day!

"Thanks but no Thanks!" as Sarah Palin said it so well.

The Jobless Rate-Interest Rate Conundrum

War?

Why not? And I know how to start a war too.

First, the Stupid US government will raise more debt, begging China and other trade surplus countries to lent US more money,

Second, these foreign countries like China, Korea, or Taiwan will buy up every inch of highly valuable land in US (namely agriculture, mines, cities, Yosemite park!, & Disney Land!), earn high interest rate, shipped out all the valuable commodities, water and food supplies from the US soil.

Third, while stripping all of US valuable assets, these countries will demand Americans to buy more "Cheap" imported goods.

Fourth, when Americans found out that they couldn't borrow and couldn't afford these cheap imported goods anymore, social conflict, international trade tension, border conflicts, market crashes, finger pointing and finally war!

Yeah! This is how I will squeeze every single drop of Americans' blood money.

Sound far fetched? I dont think so. News of rich Asians are buying up valuable real estate and profitable businesses in the US already.

What next? If I were a multi-billionaire from China, I will buy up as much agriculture lands, rich mines, oil field, and excess commodities as I possibly can to feed the Middle Kingdom.

........... I could write a book!

Amazon.com Bubble 2.0?

This is a stock that should be left alone till there is a catalyst that indicates otherwise. A bubble is a bubble, it may go 2-3x higher if the market wanted to. Fundamental have been completely ignored and should be taken as an indication of a short term bull, thus, it is best to stay away or join in.......... I prefer to stay away.

Add Japan to the Better-Than-Expected Growth Column

Well, it was better than expected and it was a surprisingly good news too. But how come Nikkei didn't put up a stronger rally ? And when our best companies like Nintendo and Toyota were not reporting strong numbers, how can we be so positive? Yen is at 89 vs USD, and with USD weaker and weaker everyday, how can export be good for the economy? Don't be a fool by a single good data.

California's New Budget Already $1B in the Hole

wow..... well written article. By the way, Californians dug the hole, they should lie in it. What really bugs me is the fact that they never learn. I heard the saving rate are back to 3% again and are spending like there are no tomorrow. If Californians want to go back to the good old days, then fine, but the hole will only become their grave.

Japan's Zombie Banking Is Alive and Kicking

What zombie banks? What Loans? What? Yen is at all time high at 88YEN/1USD? Highest debt to GDP ratio? What are all these?

These are the response from our many young Japanese.

Look, the Japanese doesn't care anymore after so many years of Liquidity Trap. Many retired Japanese only care about their large savings in the Bank, and the young Japanese only care about living off their rich parents' saving account.

Seriously, who cares anymore?

Despite Yen surge strongly to 88 to a dollar, Nikkei market surged higher on recovery "hopes". Export companies are screaming for help, but as long as the import are doing good. So, why should we care!

Our 18-31 unemployment rate are at an all time high, but as long as these age group keep quiet, the country will be alright. So, again why should we care!

Household income has not grown for many years and bonuses are been taxed (it used to be non-taxed). But hey, deflation are kicking in and housewife are constantly bargaining for lower prices and getting good deals. No wonder the Fast Retailers are making record earnings and sales.

The point is Japan is decaying fast, but the people are completely oblivion to the steady rate of decline.

And by the way, I was late for work today and yesterday because the train was delayed. What happened to the train? 2 guys jumped onto the railway tracks and committed suicide. It has became so common and suicide rate is the highest in the world that nobody really cares anymore.

Nuff Said!

Five Reasons to Be Bullish

Sorry, but I disagree with all 5 reasons.

The market was bullish for several valid reasons, and none of them are the top 5 reasons you just mentioned above.

Which Dividend Stocks Are Relatively Safe?

Not a good idea to buy KFT right away, wait till the M&A thingy is over before jumping in.

The first 10 stocks are great selection, the next list contains too many energy stocks.

"Up more than 500% from a 52-week low means it must be healthy, and just $1.58 a share? I'll take it!" ... Why Fannie Mae (FNM) is Chuck Jaffe's stupid investment of the week.

You know, looking back when I started picking stocks I may actually be stupid enough to buy FNM right now, but of course after years of hard work I know better than to buy it no matter how tempting it is.

I just hope rookies don't make the rookie mistake of buying with all their investment money given that CNBC is feeding crap at us on how profitable it is to invest "any stocks" right now.

And by the way, what the ____ is FNM, AIG still on the trading board? Moreover, I can't short AIG when it was at 50..... If I can short it, what the ____ is it still there for? Only to entice suckers to buy the stock and let the pros suck all the money from the innocent?

Aug. Durable Goods Orders: -2.4% to $165B vs. consensus of +0.4% and a 4.8% increase last month. Ex-transport orders were flat vs. consensus of +1%. Shipments -1.4%. Unfilled orders -0.4%. Inventories -1.3%, the eighth-straight month of decrease.

Market is turning down quickly.... and Europe are turning red too. Amazing how US quickly turned the overseas market around....

S&P 500 Support Levels

I agree and I suspect the support line will be broken easily in the global market point of view.

China was the first one to fall, but the other Asians market barely moved and made new highs (ie. Nikkei). Thus, the selling had already started and a domino effect is starting to push the market lower and faster with strong selling momentum. Selling momentum will gain more strength as market continues to close lower.

Asia -> Europe -> USA

Therefore, the support line will be easily broken. By the way, this is the same momentum that I saw after the Mar low.

And some folks are already blaming day traders and quant flash trading on the selling.... if it were true, then we will see more selling ahead.

Oil's Chart Shows Weakness

The Oil bull run is already done, in my opinion. It is almost the same thing as getting bored playing with the same "toy" over and over again. How long has it been? 6months?

China-Oil bull play is done!
Weak USD-Oil bull play is also done!
Economic Recovery-Oil bull play is way over done!

What else is there to make another bull run?

Demand is still weak, supply output remain same, and inventories have increased.... OPEC remain cautious, Sinopec said China has huge supply of oil in storage.......do I need to add more?

Research In Motion (RIMM): Q2 EPS of $1.03 beats by $0.03. Revenue of $3.5B (+37%) vs. $3.6B. Sees Q3 revenue of $3.6B-3.85B vs. $3.92B. Shipped about 8.3M devices and added 3.8M net new BlackBerry accounts, to total of 32M. Shares -10.3% AH. (PR)

I disagree, imo, consumer spending are not down but will experience stagnant growth! Thus, I am very negative in RIMM and Palm (Palm is down too btw!) Fundamentally, it may look good, but is it sustainable for the next few quarters? I have many doubts. Moreover, it is a selling pressure right now, if I like RIMM, I suggest wait for a few more weeks.

Report from Europe: U.S. Housing Disappoints

^_^) It will be an easy money for Japanese day traders to short the Nikkei or Topix the next opening day.

Palm's (PALM -4.7%) high-stakes Pre smartphone faces a setback, as Verizon (VZ) decides not to support the phone in January as expected. The Pre has been exclusively offered on the Sprint (S) network; sources say less-than-blockbuster sales of under a million units are partly to blame.

This is the stock I can never understand, but hey, when consumers want to buy "umbrella on a sunny day", what is there for me to complaint about. I love my Iphone, just like others love their Blackberry, I just cannot understand the love for Pre in a times like this. This stock has been as low as 1.14 and "boom" to 17 bucks on an unproven products (no matter how good it is)! I have to admit I miss the call to buy when it jumped above $5, but I will never buy this as a fundamental point of view.....