Day: January 22, 2008

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China Stocks

William Ding Lei

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Last Updated on January 23, 2008 by stlplace

William Ding Lei is the founder, and Chairman of NetEase. He talked a little on the bubble in the stock markets during an interview lately (link here).

I shared Ding Lei’s insights because he has been through the full cycle of the stock market: right after NetEase (NTES) came to Nasdaq in 2000, the dot com crashed and his company’s stock traded under $1.00 for a few years, during that time he worked hard on the online gaming projects. Eventually the stock bounced back, went up as high as $100 (before split) because he made his company profitable.

股市本来虚高 暴跌回归本位

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Categories
Stocks

Who caused the 911 of Wall Street?

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Last Updated on January 28, 2008 by stlplace

I waked up at 5:30 this morning, and turned on CNBC. I knew all the markets are down last night, but I am still curious what the US market will look. One of the reporter in Tokyo says all the eyes are on the US Fed (hint a 75 base point cut). I went back to sleep afterwards.

I waked up again at 8:00 AM, I kind felt Mr. Bernanke and the Co. had the emergency meeting and will cut 75 pts.

Yes, it did. But there is one problem, the Dow and Nasdaq futures are still down a lot…

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