MyDiary318---“Nos”toBuyCall&Diversification,“Yes”toCBsandChina
MarketstrengthenedacrosstheboardthismorningpostthenewsthatBOAareprovidingequityintoCountrywide.Somepeoplearenowcallingabottomtothemarketandshortcovering.Butthemarket-widebetterrunforriskassetsisbasedonexpectationofareleastaFedcutonSep.18thisnotbeforeormore.Idon’tbuytheCallHowever,Idon’tbuyintotherecoveryassignsofliquidity...[阅读全文]
子夜读书心筆
写日记的另一层妙用，就是一天辛苦下来，夜深人静，借境调心，景与心会。有了这种时时静悟的简静心态， 才有了对生活的敬重。
博文
(2007-08-23 02:04:09)
(2007-08-22 03:55:17)
August22,2007Today’sdiarywillbeabitlongerastherearesomanyfunstoshare……somepatienceisneededinthisvolatilemarket…_:))TwoDifferentAnimalsIhavetoacknowledgethatEquityandFixedIncomemarketaretwototallydifferentanimals.IheardthattherewerefundflowscomingintobuyH-shareswhichpplconsiderarelaggingbehindtheA-shares.HSCEIwentup400pts(3%)andtheHangSengIndexwasup617ptsonthebackofstrongbuying.Thechampaniontod...[阅读全文]
(2007-08-21 05:17:41)
MyDiary316---HSI,PhantomFedCut,WTIandPBOCGuessHSI:UpandDownTodayisanothergooddayforHongKongstockinvestorsastheHSIaddsanother133pptafteryesterday’s+5%rally.However,ifwecarefullylookedattheintra-daytradingpattern,HengsengIndexwasoncemovedup+1000pointsandthendriftingdown.ThisislargelyreflectingthesimilarpatternofDowJonesonlastFriday.Sodoesthismeaneveryreboundisasellopportunity?Atleast,Ithinksomeinve...[阅读全文]
(2007-08-20 01:55:40)
MyDiary304---Pig,Subprime,A/HPremiumFedStatementandUSHole
Aquickwrap-upofwhathappenedoverlastweek:liquidityevaporationhasspreadbeyondsubprime-relatedmarkets,startingfromhedgefunds,thenbanks,HYbondissuanceandABCPforhigh-qualityinvestors.Itiswhenevenhighqualityborrowersloseaccesstocapitalmarketsthatalarmbellsringforcentralbankers.Pigvs.SubprimeThereisabasiclooking-backquestionaboutwhytherecentfi...[阅读全文]
Aquickwrap-upofwhathappenedoverlastweek:liquidityevaporationhasspreadbeyondsubprime-relatedmarkets,startingfromhedgefunds,thenbanks,HYbondissuanceandABCPforhigh-qualityinvestors.Itiswhenevenhighqualityborrowersloseaccesstocapitalmarketsthatalarmbellsringforcentralbankers.Pigvs.SubprimeThereisabasiclooking-backquestionaboutwhytherecentfi...[阅读全文]
(2007-08-17 02:23:40)
2007-08-17Startingwithasunnymorningtoday,theHengSengindexstoodabove20Klevelonlyinfirsttwohourandthenfelldipdown.Myfellowsfundmanagersdumpedasquickaspossibleonthebackofheightenedredemptiondemands.ThestarretailfundsawUSD50mnredemptioninthismorning,spurringthefundmanagerintoafull“selling”mode.Lookaround,everybodydoingthesame…sellandsell…Lookatthemarket,evenChinamobileposted+26%growthin1H07netinco...[阅读全文]
(2007-08-16 04:04:24)
http://www.p5w.net/today/200708/t1153909.htm
证券时报
近期，几家全球最重要的央行接连向各自的金融体系注入了巨额的流动性，以缓解欧美银行间市场流动性短缺的紧张局面。主要央行这次所面临的压力不仅再次反映了一段时间以来，全球金融市场对信用风险溢价调整过程的性质已不同以往，而且也证实了市场对于可能的短期流动性紧缺的担心正在欧洲市场成为现实。
[阅读全文]
证券时报
近期，几家全球最重要的央行接连向各自的金融体系注入了巨额的流动性，以缓解欧美银行间市场流动性短缺的紧张局面。主要央行这次所面临的压力不仅再次反映了一段时间以来，全球金融市场对信用风险溢价调整过程的性质已不同以往，而且也证实了市场对于可能的短期流动性紧缺的担心正在欧洲市场成为现实。
[阅读全文]
(2007-08-16 04:01:19)
MyDiary312---ScaredMarket,KKR,CFC,NorthernRockandBOJAugust16,2007SittinginfrontofBloombergtoseeglobalequitymarketsdroppedlikerocks,Iturnedmyheadtotheotherpartsofmarketsandfindsomeinterestingcomments,includingmanyhighlyquotedwordsinthesedays--Europeanbanks,ABCP,KKR,Sub-prime,USD,BankofJapanandFed…..IthinkIhavequotedenough….Letusstart…Today,marketsarerunningscaredwithcertainnamesgettingbadlyhiton...[阅读全文]
(2007-08-15 08:01:19)
《美国新闻与世界报道》周刊在其最新一期文章中刊文介绍了巴菲特式投资的六要素，称巴菲特的神秘之处恰在于他简单有效的投资方式。 文章说，有“股神”之称的沃伦·巴菲特看起来是个慈祥长者，他似乎更喜欢家乡奥马哈的农场，而不是曼哈顿市中心的董事会会议室。这种朴素作风也体现在他的投资方式上。用他自己的话说，就是管好自己的事，做自己“力所[阅读全文]
(2007-08-15 04:13:48)
MyDiary310---CPMarket,SuicidedToyMakerandUSJustarecaptotoday'smoneymarketeventsandglobalmarkets’responses……Generally,everywheredropsaverage3-5%ontheequitysideasaconsequenceofdeepenedcreditconcerns.BasicallywhathappenedwastherelacksliquidityforCommercialPaper,whichisalwaysviewedascashequivalent;althoughthistimetheCPisnamedABCP(Asset-backedCommercialPaper).Butattheendofday,thisiscashandtheonlydif...[阅读全文]
(2007-07-21 23:15:19)
♣把心事放下來!♣最近認識一位美國籍的出家師父（Monk），發生一個有趣的事情,就是師父要我舉起蕃茄汁跟他說話。我們約在一家咖啡廳（Coffeehouse）用英文談論著心經（HeartSutra），師父跟我解釋因果causeandeffect）、輪迴（reincarnation）的事情，這都還不奇怪。師父聽完我跟他講的個人煩惱的時候，他要我左手提起他剛買的三罐番茄汁，要我一邊提著，一邊和他繼續[阅读全文]
