A reminder that the Most Read news (in the last day) on Monday morning (Beijing time) really captures the most read stuff over the weekend, so sports stories like the Gay one show up.

Here are the top five most read stories on the Bloomberg in the last day with selected excerpts (and my comments, if any, in italics).

As of 27-Aug-2007 at 9:23:01 (Beijing time):

1. Fed May Kill Long Bond Rally With Switch From Inflation Focus

“Federal fund futures on the Chicago Board of Trade show traders are certain central bankers will cut the target rate for overnight loans between banks at their monetary policy meeting next month.”

“Certain”ly be interesting to see what happens if they *don’t* cut the Fed Funds rate.

2. Credit Suisse Hires Rob Jesudason to Head Asia Financial Group
3. As Bernanke Retreats to Wyoming, Critics Ask Is He Prime Time

“‘What the Fed did was too slow, and maybe it’s because they’re too cloistered,’ Martha Seger, 75, a Fed governor from 1984 to 1991, said in an interview.’They’re out of touch with what’s going on in the real world. The problems that are out there go way beyond Wall Street.’”

I feel for Ben, having to please all of these conflicting, and highly political, interests.

4. Gay Cements Status as World’s Fastest Man With Help From Mom

“U.K. bookmaker installed Gay as the 5-4 favorite to win the Olympic 100 meters title in Beijing next year ahead of Atkins and Powell, who is yet to win a major championship gold.”

In Beijing they’ll be wheezing for the 100 meters title.

5. Insiders’ Buying at Banks, Insurers Rises to 12-Year High as Shares Fall

“‘You’ve got very negative sentiment, the public is frightened, a lot of hedge funds have sold out, and now there’s insider buying,’ said George Muzea, founder and president of Reno, Nevada-based Muzea Insider Consulting. ‘If you can’t make money at this point in time, you can’t make money.’ Muzea charges as much as $500,000 a year for his service and wrote a book on insider buying and selling called ‘The Vital Few Vs. the Trivial Many: Invest With the Insiders, Not the Masses.’”

I’m not an insider, but anyone who can read a financial statement understands how deeply undervalued many financial stocks are now, especially these ten.