Tuesday, June 10, 2008

Shanghai Blues

The Shanghai Index was down 7.7%. The Bank of China dropped 8% and many stocks dropped over 10%. The Hang Seng dropped about 4%. Oil is up about 50 cents and the S&P is down about 9 points so far. I like lower opens, but oil is just killing people.


About Me

My photo
I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.