Reading Time: 2 minutes Yesterday was a quite amazing day for stock market. The US market (Dow, S&P, and Nasdaq) went up the most in 5 years, after the dear friend of Wall Street (Mr. Ben Bernanke) cut the interest rate by 0.75%. Here are details in the news (Dow 416 points gain, Fed rate cut sends market soaring).
Reading Time: < 1 minute I found AT&T offers iPhone 8GB refurb for $249. Here is the link. As of now the regular iPhone 8GB is $399 at Apple or AT&T store. I think one has to sign up the AT&T data plan to use some of the web features of iPhone. I could be wrong. Also, I found this
Reading Time: 2 minutes I heard a lot of buzz words in this Bear Stearns crisis, $100 oil, Spitzer scandal, global housing bust…world. Just list some new words I found interesting: De-leveraging This one is easy for me (because I don’t have much to leverage on). I was a little astonished by the leverage ratio of investment banks such
Reading Time: 2 minutes I sold some Mindray stocks (MR) last Friday and today, and I bought some Syngenta (SYT), the European agriculture company. I think it is a more reasonably valued stock (compared to my across street neighbour Monsanto), in this ag (soft commodity) boom. The thing I want to make sure is it does not bust very
Reading Time: 2 minutes As you may know, the Bear Sterns (BSC) was bought by JP Morgan for $2 a share as of this afternoon March 16 US time (Reuter News). And here was Cramer’s take on Bear Sterns on Mad Money just last Tuesday (March 11). Dear Jim: Should I be worried about Bear Stearns in terms of
Reading Time: 2 minutes (source: www.stride.co.uk) Last Monday was one year anniversary of sub-prime (and subsequent credit crisis), here is an interesting time line I found at BBC. Quote: 8 March (2007) Biggest US house builder DR Horton warns of huge losses from sub-prime fall-out. 12 March (2007) Shares in New Century Financial, one of the biggest sub-prime lenders
Reading Time: < 1 minute I don’t mean to steal immigration lawyers’ business π A few years ago my employer sponsored my GC app including attorney services. But that did not extend to the AP and EAD (optional for me). I heard from a friend that he paid $1,000 lawyer fee for the EAD renewal. So I filled the forms
Reading Time: 2 minutes Bear Stern (NYSE:BSC) spoiled the market today. There was some confusion about Citic Securities recent agreement. As far as I know, according to Bloomberg, there was a small stock swap deal and potential JV. But lately they are under a talk to revise the deal. So nothing like the China Invest Co. Blackstone IPO fiasco.
Reading Time: 2 minutes The following was done a while ago. Why I have not followed it in last two years, and missed this great agri boom? Because I followed all the hypes: Home Inns, Heelys and Crocs π ========== Dec. 14, 2005 Dear Mr. John, Both Monsanto and Sygentia are leaders in the agriculture business. Their financial fundamentals
Reading Time: 2 minutes In his annual letter to shareholders, Buffett said the “party is over”. He was referring to the insurance business, which is the cornerstone of Berkshire Hathaway. It appears the party for the economy hotels in China is over too. You can read this Chinese article at Sina if you know Chinese. This is understandable because
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