I liked the bear on the right. And Hong Kong is now down 15%.
My ex told me tonite that her eldest brother has been trading stocks
heavily in HK. Hope he wasn't creamed, he recently bought a
computer so he could trade stocks more constantly.
Sadly, I think we are seeing the beginning of the world's largest
transfer of wealth ever. It may take some time, as much as a half
year, to get here, but we are not an island, we will not escape.
By the way, Boeing is showing higher costs due to what can be
interpreted as inflationary rises in costs: The local Seattle Times
article leaves you with the words "capacity utilization" on your
lips when it talks about BA's inability to get submanufacturers to
increase production.
And the article on Microsoft makes it pretty clear that some of
their management belongs in (I want to say jail, but they have
a lot of lawyers) receipt of a nasty civil suit from Netscape.
Meantime, I local crash-and-burn-to-be company AMZN still
hasn't released their latest quarterly report. I expect that they
will be out of business in 12 months, given their burn rate,
rising advertising costs, and declining margins, BWDIK.
-- Carl |
