- 11月期指升256點，收14186點。期指倒掛現象又出現，小心反彈市隨時結束。(今日收市可以驗證。)
- Contango Capital Advisors CEO George Feiger話，睇清楚2009年甚至2010年業績再講。
- 如2009年標普五百每股獲利70美元（而非一般分析員估計91.41美元），以上周五收市價計，明年P/E十三點七倍，只係過去三十年嘅平均P/E，唔見得特別偏低。(熊市唔係應該偏低？)
- Howard Silverblatt估計，明年標普五百每股獲利只有62.4美元，認為現水平股價非但唔偏低，而且係偏高。
- 本周美國好快就會有新總統，但舊問題一樣存在。至於蜜月期有幾長？木宰羊。我老曹只知道港股已進入a、b、c反彈浪（而非上升浪）。
- 2008年7月起各位要搞清楚一件事──美元並冇上升，只係其他貨幣轉弱！
- 全球各個經濟體嘅中央銀行聯合行動，同時降低利率，作用係點？(中歐國際工商學院教授許小年原文)
- 換言之，呢場風暴對亞洲區嘅影響雖然唔及1997年7月嗰場大，但復甦卻遙遙無期。
- 中國已動用財力回購在港上市嘅H股，令香港股票上周二開始止跌回升，透過刺激H股股價上升穩定A股股價，A股市場尋底已開始。
- 美國政府動用咗7000億美元救市，估計可穩定二至四個月，之後美國政府需要再攞多7000億美元救市，估計再可穩定一至三個月~
- 反之，中國响呢場金融危機中，雖然出口增長率減少，但內需卻逐漸發展起來，最終令中國經濟可獨當一面，與美國、歐盟形成三分天下局面。
I am a bit impatient to your comments. I feel you do not understand much but still write much about Cao's articles.
回覆刪除1. The HSI futures are largely from institutes investors. Individual investors seldom bet on HSI futures. The reading of HSI futures shows how these institutes investors view the market.
As these institute investors play important roles in the rise and fall of the HSI, it is a good idea to see how these guys think.
2. The monthly average PE of DJIA from 1950 to 2008 is 14. 13.7 is just slightly lower than the average.
3. In the 1997-98, the Asian crisis, some reports found that those countries who lowered exchange rates were generally recovered earlier.
4. Gold is commodity being useful when people do not trust one's country currency (esp USD). However, gold is not a safe haven in the event of financial meltdown. (Fear Factor? you need to know fear for what!!)
5. Cao DID NOT say anything or imply April, 2009 is a good time to re-entry the market!! There are 1 trillion USD Alt-A, and another 900 billion USD card card charge off, CLO problems still have to be solved next year. I haven't count the current deleveraging process, Obama tax scheme, East Europe melt down.
There are too many things I want to say about your comments. Read more news from different source to gear up yourself rather than just boost yourself as somebody who can comment on Cao sir.
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