To "PrudentMan, CFA" Regarding your comment : " statistician, none of whom I ever heard of making big money in markets " : Jim Simons earned an estimated $2.8 billion in 2007, $1.7 billion in 2006,$1.5 billion in 2005. Are these figures not big enough for you ?
What you said may sound harsh to the democrats/socialists, but it's the cold hard truth!
I truly believe that It is me, not the government , who can spend my hard earned dollars most effectively. Just an example: I would not invest in a bridge to nowhere in Alaska. And the senator who supported that bill would not vote for it if the money was from his own pocket.
Obama Is Bad for the Economy - Barron's [View article]
A multi-millionaire stands in front of you. Democrats: Oh man, he is so rich, that's so unfair! How disappointing! I want a piece of his fortune. I don't want to rob him, so let's just tax him. Republicans: Oh man, he is so rich. How did he do it? How inspiring! I want be like him also!
How Do We Get Out of the Mess with Fannie and Freddie? [View article]
To the first comment by Mohideen Ibramsha: It's a ridiculous proposition. Did anybody be forced by a gun pointing to his head to buy a house in 2005? You buy a house, you assume the risk. Just like you cannot expect government/tax payers to bail out those who bought Lucent or Amazon in 2000 at sky high prices.
Another fact, the majority shares of the big companies like PTR or LFC are non-floating, government-owned shares ( I don't have the number, but believe that less than 20% of the shares are currently publicly held for most of the big companies out there).
Reduce Your Chinese Holdings Before the National Party Congress Begins [View article]
Confirmed. Dr. EVIL is actually a doctor! "Having studied under Nobel Laureate Friedrich von Hayek in Freiburg, Germany, he got his PhD in economics" Don't know who von Hayek is, but it seems Dr. EVIL poses a disgrace to him.
A Wall Street Trip Could Trigger a Chinese Fall [View article]
The "Party Congress" analogy and inference is sheer stupidity. I will stop reading this guy's articles from now on. No alpha, just of entertainment value.
"Wu Li Re Xin" - Irrational Exuberance in Chinese [View article]
I just want to point one difference between the U.S. and China: China's saving rate is about 50% of the GDP. The US: about zero. As more and more Chinese people realize that their savings actually have a negative return after adjustment for inflation, more and more money will be pumped into the stock markets (A shares or in the near future, H shares) or real estate, or precious metals, or any "hard" asset. You will be surprised how much money the Chinese people have saved in banks. And even now, only a small percentage of that is in stock markets. The endless supply of money combined with the casino mentality of the Chinese people will propel this bubble to unprecedented level. So refrain from calling a top any time soon. In the mean time, I would suggest allocate some of your money to FXI and ride the wave for a year or two. I would not be surprised to see FXI at 250 by the end of 2007.
China Raises Its Reserve Requirements — So What? [View article]
Dr. Enzio, do you have schizophrenia or what? Only two weeks ago you said China is going to "crack" seekingalpha.com/artic..., now you "remain" China bulls? If you do not have schizophrenia , you must be a comedian trying to entertain us.
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Latest | Highest ratedThe Nature of Risk [View article]
Regarding your comment : " statistician, none of whom I ever heard of making big money in markets " : Jim Simons earned an estimated $2.8 billion in 2007, $1.7 billion in 2006,$1.5 billion in 2005. Are these figures not big enough for you ?
Questioning Obamanomics [View article]
What you said may sound harsh to the democrats/socialists, but it's the cold hard truth!
I truly believe that It is me, not the government , who can spend my hard earned dollars most effectively. Just an example: I would not invest in a bridge to nowhere in Alaska. And the senator who supported that bill would not vote for it if the money was from his own pocket.
Obama Is Bad for the Economy - Barron's [View article]
Democrats: Oh man, he is so rich, that's so unfair! How disappointing! I want a piece of his fortune. I don't want to rob him, so let's just tax him.
Republicans: Oh man, he is so rich. How did he do it? How inspiring! I want be like him also!
Financials: The Dangers of Zero Weight [View article]
You are making an idiot of yourself by posting your stupid warnings after each and every article.
How Do We Get Out of the Mess with Fannie and Freddie? [View article]
It's a ridiculous proposition. Did anybody be forced by a gun pointing to his head to buy a house in 2005? You buy a house, you assume the risk. Just like you cannot expect government/tax payers to bail out those who bought Lucent or Amazon in 2000 at sky high prices.
Two Points on the China Bubble [View article]
Reduce Your Chinese Holdings Before the National Party Congress Begins [View article]
Don't know who von Hayek is, but it seems Dr. EVIL poses a disgrace to him.
A Wall Street Trip Could Trigger a Chinese Fall [View article]
"Wu Li Re Xin" - Irrational Exuberance in Chinese [View article]
Fed Rate Cut Boon for Hong Kong, China Stocks [View article]
China Raises Its Reserve Requirements — So What? [View article]
now you "remain" China bulls? If you do not have schizophrenia , you must be a comedian trying to entertain us.
China's Latest Financial Coup: Buy 'H' Shares [View article]
Chindia Fund: A Lot To Love [View article]
From FNI's official website, PE is ~22 and PB is ~2.9
www.ftportfolios.com/c...