Accumulating wealth is like building The Great Wall, one brick at a time
Category: Random thoughtsBy Sun on Jan 30, 2008 in Random thoughts | 0 Comments
Since the Federal Reserve’s 75 basis points emergency rate cut on January 22nd, the Dow Jones Industrial Average has gained more than 500 points in 5 trading sessions ended yesterday. The rally was partly fueled by speculation that when policy makers conclude their 2-day meeting this afternoon, another 0.50% rate reduction will be handed out […]
By Sun on Oct 31, 2007 in Random thoughts | 2 Comments
It’s the Fed rate decision time again.
However, unlike the last meeting in September when the predictions on what the central bank would do were focusing on how much, not if, this time it’s a little bit uncertain.
The August negative job report released in early September, which probably have played a key role in the 50-basis […]
By Sun on Oct 19, 2007 in Random thoughts | 4 Comments
The stock markets celebrated the 20th anniversary of Black Monday by sinking some 366 points of the Dow. Not exactly on the same scale percentage wise, but not too far away point wise from the worst one-day decline in the stock market history 20 years ago.
The 508 points drop of the Dow on October 19, […]
By Sun on Sep 21, 2007 in Random thoughts | 6 Comments
When something bad happened, it’s not unusual for the party who’s responsible to find a scapegoat to take the blame. The convenient scapegoat in Mattel’s massive toy recalls this summer is obviously the Chinese manufacturers. They are thousands of miles away and can’t defend themselves here in the US amid media frenzy of the […]
By Sun on Sep 18, 2007 in Random thoughts | 3 Comments
I don’t remember exactly when was the last time a FOMC meeting has generated so much anticipation, but it has to be quite a while as the Federal funds rate, the outcome of such a meeting, has been held steady for more than a year since June of 2006. For the past 15 months, investors […]
By Sun on Aug 6, 2007 in Random thoughts | 2 Comments
When the Dow lost some 281 points last Friday to settle at the lowest close since May 1, I couldn’t imagine that it can make up all the losses in one session. Yet, it indeed happened as the index surged 286 points today, the largest one day gain in four years.
Looking at the […]
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