hello pezz, last night's report:
unsure of what it all may eventually mean, with
- pal jumping in usa financials waters
- pal stuck in london infrastructure
- pal publishing my favorite read and the christmas edition is titled "The Endgame has Begun"
- some yummy girl complaining that all highend restaurants and all presidential suites with victoria harbour view rooftop hot tubs are booked
- key mainland chinese counterparties are on CHRISTMAS VACATIONS (THEY ARE NOT SUPPOSED TO CHRISTMAS VACATION, THEY BARELY GOT STARTED WITH regular vacation)
- and now, here noir.bloomberg.com about this "Billionaire Ambani Turns to China to Cut Costs: India Credit "
- cheap labour, inexpensive credit, ... if that sovereign pile of paper comes out as credit to you me and everyone else, ala japan carry trade ... oh mi god ... how can anything ever go down in price again
anyways, added to my burdens and shorted more GDX puts, Jan 11, strike 60 at USD 1.72 to extract more walking around holiday cash from cloud atm
i am sympathetic with bubble-fears, as i had always been such since paced withdraw from idotnet arena and calibrated engagement with markets since
i fear
i fear we are dealing with the largest bubble ever, and as and when it goes pop, it would splatter the entire galaxy
i also fear that the bubble is young
i remember how puzzled i was when once upon a time little korea was buying up the world (at least the parts i was visiting) - puzzled as in "whoa, is korea not amazing!"
until the curtain was pulled back and the debt revealed by asian financial crisis
china does not puzzle me yet
perhaps i am fooled by the inflating bubbles averaged-in with deflating bubbles
2011 should be as entertaining as 2010 was
cheers, tj |
