Market gyration and why I think Buffett is still the guy

Reading Time: < 1 minute Week in review 11/17/08 to 11/22/08 Crazy market If you have not paid attention to the market lately (for whatever reason), yesterday and today’s market should have got your attention, because of its huge volatility: big down yesterday and big up today. Note yesterday Paulson spoke at California and today’s news is NY Fed chief… Continue reading Market gyration and why I think Buffett is still the guy

Fannie Freddie and the market

Reading Time: < 1 minute Fannie/Freddie Short term I think it’s a deal for fed. But long term (it seems nobody is caring about long term these days), why should China continue to buy the Fannie/Freddie debt, for some premium over the US treasuries with substantial mortgage market risk (liquidity). I agree the US treasuries and Fannie/Freddie debt are co-related.… Continue reading Fannie Freddie and the market

Six years ago

Reading Time: < 1 minute Recent market turmoil reminds me 6 years ago: Enron, WorldCom and Tyco scandals are all in the news. Even blue chip names like GE and Xerox have some corporate governance problems. GE gave excessive benifits to retired chairman Jack Welch, the benifits including Manhantan condo, free corporate jets, season tickets to Yankee baseball games etc.… Continue reading Six years ago

Unofficial indicator of market bottom

Reading Time: < 1 minute Peter Lynch once described our human’s psychology about stock market during different cycles, in his book One Up on Wall Street. I remember he used a party as an example, and he looked at the number of people approached him (people know he is a fund manager), and the amount of conversations about stocks, as… Continue reading Unofficial indicator of market bottom