Wednesday, February 12, 2014
Tuesday, February 11, 2014
What Does Bill Ackman Know About The Future Of Commercial Real Estate?
Hoosier's note: The US growth story is BS!
With Sears and JC Penny on the brink of collapse, I can understand why Bill Ackman is getting out of the Commercial Real Estate market.
Yellen just added pressure on emerging markets
Hoosier's note: I saw Janet Yellen's first congressional testimony, as Fed chair, last night.
One Committee Member asked her about the (adverse) effect of the Fed's tapering on the Emerging Economies and she replied that the Fed has provided 'Forward Guidance' and that the Taper has been and will be carried out on a 'Measured Pace'.
It is my opinion that Janet Yellen doesn't give a damn about what happens to the Emerging Economies and this has solidified my belief that the next Financial Crisis will start from the Emerging Economies, just like the 1997 Asian Financial Crisis.
Monday, February 10, 2014
Sunday, February 9, 2014
Saturday, February 8, 2014
The 3 Infamous 3 Amigos of the Stock Exchange of Singapore: Asiasons, Blumont, and LionGold
With reference to the earlier post, I said the following at the TPG Forum,
Note: 'wayang wayang' means 'just for show'.
Just for the record to show how severe was the crash of the 3 stocks (Asiasons, Blumont and LionGold), I am posting their Daily charts updated till February 7, 2014,
Asiasons Daily chart updated till February 7, 2014.
Blumont Daily chart updated till February 7, 2014.
LionGold Daily chart updated till February 7, 2014.
Just for the record to show how severe was the crash of the 3 stocks (Asiasons, Blumont and LionGold), I am posting their Daily charts updated till February 7, 2014,
Friday, February 7, 2014
Green Mountain roasts Einhorn's Greenlight
Hoosier's note: David Einhorn is one of my favorite Hedge Fund managers.
Even the best can get it wrong from time to time.
Thursday, February 6, 2014
Wednesday, February 5, 2014
What Happens Next?
...and remember - this "selling" overseas does not mean "buying" domestically as the majority of these hot money flow trades are credit-funded and merely extinguish the debt at the margin...
Tuesday, February 4, 2014
Monday, February 3, 2014
Citi Fears The Emerging Market Volatility "May Just Be The Beginning"
...It is important to note that 49% of the Index is made up by CNY and HKD. As we are not currently of the bias that these currencies would see significant (if any) depreciation even if the EM sell-off were to become more aggressive in Asia (as a reminder, during the major ADXY collapse in 2008, USDCNY and USDHKD remained essentially unchanged)
As a result, if we were to see a continued bearish development in the ADXY, it would suggest the other currencies in the Index (INR, IDR, KRW, MYR, PHP, SGD, TWD and THB) would see greater weakness then the overall weakness. We will be watching for any developments closely...
Sunday, February 2, 2014
Thursday, January 30, 2014
Dead-Cat-Bounce Dies As Nikkei Drops Over 400 Points From US Highs
Hoosier's note: It is my opinion that the Fed is manufacturing another 1997 Asian Financial (or Emerging Markets) Crisis.
"Fed Has Fingers & Thumbs On The Scales Of Finance," Grant Tells Santelli And It "Will End Badly"
...People want Treasuries when they want nothing else.
...Who knows the what value is when the Fed fixes the Determining Interest Rate ZERO.
Hoosier's note: When Interest Rates IS Zero, the value of an asset is INFINITY!!!
I have tried to explain this in the past, let me try to do it one more time.
100 / 1 = 100
100 / 0.1 = 1,000
100 / 0.01 = 10,000
100 / 0.001 = 100,000
100 / 0.0001 = 1,000,000
100 / 0.00001 = 10,000,000
100 / 0.000001 = 100,000,000
100 / 0.0000001 = 1,000,000,000
.
.
.
100 / 0 = ∞
Wednesday, January 29, 2014
What's Wrong With This Schizo-media Picture
Hoosier's note: Be careful with what you read on the (traditional) Mass Media.
Tuesday, January 28, 2014
Wilmar #25
Today, January 28, 2014, Wilmar fell further to close at S$3.11 with a volume of about 9 million shares.
Clearly, the Consolidation Zone that I had identified earlier (at around S$3.20) could not prevent Wilmar from falling further.
The last line of defense is S$3.02, the "most recent low" done on August 22, 2013.
I strongly believe that 4Q2013 results will be great and that should create an excitement for Wilmar and push its share price higher.
I must admit that I cannot understand why Wilmar had fallen so much except to say that the 50-day moving average (in blue) has cut below the 100-day moving average (in grey) and that 200-day moving average (in red) is now at the top...a bearish technical picture.
I can't emphasize enough the importance of Good Money Management. I am now underwater but, as I did not borrow money to buy shares, I will just hold on to it and collect dividends.
Monday, January 27, 2014
China Trust "Bailout" To "Unidentified Buyer" Distorts Market As "Risks Are Snowballing"
...As one analyst noted, the PBOC is running scared...
“It indicates the government still won’t tolerate any ultimate default and retail investors will continue to be compensated in similar cases.”
Sunday, January 26, 2014
Anton Casey Saga: When Punishment is Worse than Crime
Hoosier's note: I would like to recommend that you read the comments, from readers, at the bottom.
Saturday, January 25, 2014
Citi's recent analyses are quite good
I posted the following at the TPG Forum today,
Here are the links to the reports,
Citi: "Time for yields to correct lower"
Citi Fears The Sustainability of The US Equity Market Rally
Here are the links to the reports,
Citi: "Time for yields to correct lower"
Citi Fears The Sustainability of The US Equity Market Rally
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