Earningsarethefocusofcomingmonthsandmaybethemajorrisktomarketinshortterm,ifthemarketkeepsignoreallworseningmacrodata.CICCestimatesthatallAsharecompanieswillreport15-20%earningsDECLINEin2009,withpossibleworstearningsfrom4Q08and1Q09formanysectors.RecentlyAsharecompaniesalreadystartedtoreportearningspreannouncement.Among564companiesoftotal1600Ashrlistedcompanies,1/4alreadysaidtheywillmakeLOSSin2008.P...[
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Hedgefundsfacemorepain
ByJamesMackintoshinLondon
Published:January5200923:20|Lastupdated:January5200923:20
HedgefundsaresufferingaNewYearhangoverofrecordproportionsafteranend-of-yearrushtosuspendorrestrictwithdrawalsofmoneyandthefirstofwhatisexpectedtobeawaveofclosures.FundsfromLondonmanagersGLGPartners,RWCPartnersandOceanwoodCapitalallintroducedlast-minuterestrictionsastheyearended,wh...[
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国债市场预示中国经济将会复苏受中国政府通过发债筹资以刺激经济等因素的鼓舞,中国债券市场出现了预示中国经济将出现复苏的苗头,但政府的赤字开支仍是令人担忧的问题。
市场预测人士称,受此影响,中、长期国债收益率可能不会完全追随短期国债收益率的下行走势。
分析师预计,中国财政部今年为筹集公共项目资金而发行的国内债券将达到创纪录的规模。中[
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Whattheanalyststhink
Published:January5200918:31|Lastupdated:January5200918:31
MohamedEl-Erian,chiefexecutiveofPimco
Weenteradifficult2009withvirtuallyallassetclassesdislocatedintermsofhistoricalvaluations.Yetnotallareattractive.Thekeyistoidentifythosethatwillhaveacatalystfornormalisationandstillpossessacertainamountofdownsideprotection.USTreasuriesaremyleastfavouriteasset,butI’malsoc...[
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Quantitativeeasing,inflationandtheUSdollarByChiLo|5January2009
WhiletheFedhasembarkedonanaggressive“quantitativeeasing”policy,itisnotyetprintingmoneyandthepolicywillnotleadtoinflationinthenexttwoyears.
TheUSFederalReservehasstartedaggressivemonetisation,dubbed“quantitativeeasing”(QE),sincethecollapseofLehmanBrothersandAIGinmid-September2008.ThisisevidencedbythefactthattheFed’sbalances...[
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拿什么拯救你,我的股市?太多的交易员在新年伊始就开始追捧股市,他们相信1月份的走势会为接下来的11个月奠定基调。但这一次还是把目光转向别处吧,因为中长线资金已经离场。
美国股市以轻快的涨势开启了2009年的交易,不过,在市场资金面极度匮乏的情况下,这种涨势的持久性最终将取决于股市吸引资金入场的能力。
有相当数量的资金藏匿了起来。据全国性投[
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Op-EdContributors
TheEndoftheFinancialWorldasWeKnowIt
ByMICHAELLEWISandDAVIDEINHORN
Published:January3,2009
AMERICANSentertheNewYearinastrangenewrole:financiallunatics.We’vebeenviewedbythewiderworldwithmistrustandsuspiciononothermatters,butonthesubjectofmoneyevenourharshestcriticshavebeeninclinedtobelievethatweknewwhatweweredoing.Theywatchedourinvestmentbankersandemulatedthem:fora...[
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ABearClosesHisShortFund
IhadalongconversationwithBillFleckensteintoday.Billrunsashort-onlyhedgefundandhasdonesoformanyyears.Heisoneofthemoreoutspokenandwell-knownbears.Andhetoldmethatheisclosinghisshortfund.Shuttingitdownandsendingallthemoneyback."Rightnow,mylistofstocksthatIwanttobelongislongerthanthelistIwanttoshort."Inthecurrentenvironmenthewantstheabilitytogolongaswellasshort.Forthoseofyou...[
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January05,2009---ALookatNewYearUSstocksstarted2009with+3%rallytoa2-mthhighfollowingtheworstyoydropsincetheGreatDepression.Sucharallybasedonverythinvolumesmaybeduetotechnicals,orrallyinoil,orthemoreliberalTARPdistributions,orperhapsduetorelativevaluationofStocksvs.Bonds.Forthewholeworld,thisweekwereturntofullystaffedtradingdesks,abusyFedeventscalendarandmoreconsequentialeconomicdata,whichmayrevealt...[
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世界上最危险的十条道路被称为"死亡之路"(组图)中新网
玻利维亚北永加斯山路
位置:在拉巴斯和歌罗伊歌镇之间
惊险度:地球上最危险的路,也被称为“死亡之路”。贯通40英里山路,最窄的地方只有10英尺,1000英尺的路是垂直冲入下面的热带雨林,而且还没有护栏。
中国郭良隧道
位置:太行山
惊险度:此隧道开有30多个“窗户[
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