A subdued Olympics rally?
The Olympics is coming. But we are not seeing much sign of an Olympics stock market rally, both in Shanghai, or in New York. The Shanghai composite index is barely above 52 week low, at around 2800 to 2900 range. Two of the Beijing 2008 Sponsors, China Mobile (NYSE: CHL) and Sohu (Nasdaq: SOHU), were not strong performers in the US market either. For instance, Sohu reported a strong 2Q 08 (transcript seekingalpha), but its stock is down today. I guess it’s just selling on the news, 11 days before the game?
(Theme song of Beijing 2008 Olympics)
What a week, Yahoo Tech-ticker
Internet privacy, tolerance in China
It’s Olympics time, I know it’s not the time to bash the people or the goverment. But the following story just made me upset. Basically some thugs posted false stories about a lady on the web. When the lady tries to get help from lawyer, the lawyer was threatened. I just don’t understand how people can have that kind of energy to dig up all the personal pictures, and use that to spread rumors. I also doubt the sincereity of Chinese web sites on this issue: traffic is much more important to them because traffic brings in ad. money, but they don’t care how they generate web traffic. It seems to me the business interest (traffic) over stepped the laws or ethics.