Archive | December, 2012

December 31, 2012

Global Market Comments December 31, 2012 (SPECIAL CHINA ISSUE) Featured Trades: (FXI), (BIDU), (BYDDF), (CHA), (CHL) (iShares FTSE Xinhua China 25 Index ETF Wisdom Tree Dreyfus China Yuan Fund ETF iShares FTSE China 25 Index Fund Baidu, Inc. BYD Co. Ltd. China Telecom Corp. China Mobile Ltd.

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An Evening With the Chinese Intelligence Service

I normally avoid the diplomatic circuit, as the few non committal comments and soggy appetizers I get aren’t worth the investment of time. But I jumped at the chance to celebrate the 62nd anniversary of the founding of the People’s Republic of China with San Francisco consul general Gao Zhansheng.   Happy Birthday China!   […]

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December 31, 2012 — Quote of the Day

 “To get rich is glorious!” said Deng Xiaoping, the Chinese general who launched the country’s modern economy in the seventies.

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December 28, 2012

Global Market Comments December 28, 2012 Fiat Lux SPECIAL BATTERY ISSUE Featured Trades: (BYDDF), (SQM), (SNE), (GM), (XOM), (TSLA) BYD Co. Ltd. Sociedad Quimica Y Minera Sony Corp. General Motors Co. Exxon Mobil Corp. Tesla Motors Inc.

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The Great Race for Battery Technology

One hundred years from now, historians will probably date the beginning of the fall of the American Empire to 1986. That is the year President Ronald Reagan ordered Jimmy Carter’s solar panels torn down from the White House roof, and when Chinese Premier Deng Xiaoping launched his secret “863” program to make his country a […]

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December 28, 2012 — Quote of the Day

  “Wow! So Goldman Sachs thinks this the Tablet is going to sell. I have the perfect Tablet. It is made out of steel and is powered by coal,” said Zachary Karabell, President of River Twice Research

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Penny Stock Trader Tim Sykes

Every once in a while I run into a natural born trader, someone who crawls out of the crib quoting options spreads, price earnings multiples, and book values. His first spoken word was “Sell!” While other kids were practicing their ABC’s, Tim was pouring through prospectii. During his college years, Tim skipped classes and turned […]

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Notice to Military Subscribers

To the dozens of subscribers in Iraq, Afghanistan, and the surrounding ships at sea, thank you for your service! I think it is very wise to use your free time to read my letter and learn about financial markets in preparation for an entry into the financial services when you muster out. Nobody is going […]

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December 26, 2012 — Quote of the Day

“Unless developed economies learn to compete the old fashioned way – by making more goods and making them better, the smart money will continue to move offshore to Asia, Brazil, and other developing economies both in the asset and the currency space. The United States, in short, needs to make things, and not paper,” said […]

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Kiss That Union Job Goodbye.

These are indeed grim times. If you can’t make money selling Twinkies to Americans, then you better shut down, and fast. That was my conclusion on leaning that the venerable bakery company, Hostess, was liquidating in in the wake of failed union negotiations. I probably could not have made it through my Quantum Mechanics class […]

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China Steps Up Its Nuclear Program

The Middle Kingdom currently has 12 operational plants generating 12 gigawatts accounting for 2.3% of the country’s power. Another 23 are currently under construction. It plans to add ten a year for the next decade, taking them up to 70 Gigawatts by 2020, and a staggering 400 gigawatts by 2050. That’s nearly the total power […]

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Why Don’t We Try Chinese Style Securities Regulation?

Former stock trader, Yang Yanming, was recently executed by lethal injection for embezzling $9.52 million from Galaxy Securities during 1997 to 2003. The move was part of a broader effort by the Mandarins in Beijing to crack down on rampant corruption in the securities industry. Yanming never revealed where the money went, according to the […]

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The Bull Market in Mustangs.

The Western U.S. has found a new wrinkle in the housing collapse, where homeowners are desperately struggling to cut living costs to meet the next payments on their underwater houses. Raising horses can cost more than children, so Nevadans are turning them loose to join herds of wild mustangs, to dodge the $30,000 a year […]

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December 26, 2012 — Quote of the Day

“It amazes me how quickly amnesia sets in,” said Stephen Crawford, former co-president of Morgan Stanley, about the willingness of hedge funds to re-leverage positions in these conditions.  

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A Christmas Story.

When I was growing up in Los Angles during the fifties, the most exciting day of the year was when my dad took me to buy a Christmas tree. With its semi-desert climate, Southern California offered pine trees that were scraggly at best. So the Southern Pacific Railroad made a big deal out of bringing […]

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