Hello Maurice, Monday. In case you forgot, this is normally a day of reckoning, but today, is a holiday in HK and the US, honoring ancestors here, and celebrating Columbus making it to the New World after a lot of other folks did. The two holidays are different in meaning but a bit of the same in theme. We just have a lot more folks to honor here in Chinese Asia.
First, some recent news:
WAT-WOT spreads, affecting Hong Konger’s holiday plans …
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… officially making the ‘safe’ Christian/Hindu/Chinese island of peace a place of WAT-WOT.
Next up, Japan continues to spiral and vortex, in a collage of crimson …
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… and some sign posts to gurgler …
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Even the CIA is starting to worry either about Japan or what Japan portends …
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… given the parallels in the US that are no longer Nobel academic curiosities …
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The engine of progress continues to rev, 12-speed forward and 1 gear reverse transmission in apparent working order, propelling all to a new age of abracadabra …
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… and eventually, new SUV models …
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This referenced analysis by Les …
siliconinvestor.com
… leads me to be convinced that:
(a) In order to stay financially alive, we must change investment style, sometimes doing the obvious trades and other moments the totally off-the-wall bargains. Key is to keep moving;
(b) The Mutual and Hedge fund investors will mostly do poorly to horribly in 2002, but they may hold on for another year of bloodletting, unable to adjust their frame of reference to the current reality that apparently requires a down-shift in expectations;
(c) The investment/speculation game is inherently biased against us, and making the game worse is that “Big Hands” stack the deck against us just to make sure we lose; and
(d) The new catch-phrase for CNBC ought to be, “In the long term, most companies go bankrupt’.
BTW, your insistence on betting with QCOM may or may not violate above (a).
The natural trade would seem to be, borrow Japanese Yen, stay away from Indonesia and other similar WAT-WOT space, or places where one cannot buy a thankful of gas without wearing a flak jacket, invest in other spaces, and expect most of them to go belly-up, but a few hopefully to thrive.
Chugs, Jay |
