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November 6, 2007


Selected Stories (6-Nov-2007)

Selected stories from among the most read on the Bloomberg in the last day (my comments, if any, in italics).

  1. Where Have All the Hedge Funds Gone? To Renaissance

    2. “There were about 9,900 funds worldwide at the end of September. The 20 biggest managers control one-third of the industry’s assets.”

    It’s true that most hedge funds are rinky-dink outfits.

  2. Jim Rogers Says U.S. Enduring Worst `Credit Bubble’

    3. “You don’t cure a bubble in five or six months. It takes five or six years.”

    I’m amused that the Bloomberg copy and pasters (robots?) continue to include the sentence, “Rogers, who predicted the start of the global commodities rally in 1999, blah blah blah,” in every single article that mentions him.

  3. PetroChina’s Value Tops $1 Trillion, Surpassing Exxon

    4. “PetroChina [has] a greater market value than the entire Russian stock market.”

    Thank god for efficient markets and rational investors! (The Chinese stock market peaked last month, reaching a level it won’t surpass for a very long time — this is a secret, don’t pass it on.)

  4. Most Radiohead Fans Opt to Download Album for Free

    5. “In the U.S., 40 percent of Radiohead fans who downloaded ‘In Rainbows’ paid an average $8.05, ComScore said. Outside the U.S., 36 percent paid for the digital recording at an average price of $4.64.”

    This is why I’m charging top dollar for my newsletter, guaranteeing zero downloads. ;-)

  5. Chinese Stocks Trading in U.S. Tumble Most in Six Years

    6. “The Bank of New York Co.’s China ADR Index, tracking mainland American depositary receipts, slid 8.3 percent to 609.70 in New York, the biggest drop since December 2001.”

    I watch the Halter USX China Index, not the Bank of NY one, and it fell a little over 6% yesterday.

This entry was posted on Tuesday, November 6th, 2007 at 3:14 pm (utc+8) and is filed under Trading and Investing.

4 Responses to “Selected Stories (6-Nov-2007)”

  1. Cnris A said:
    November 7th, 2007 at 8:27 am

    Regarding Jim Rogers and the reference to 1999. I would much rather hear that then about being a co-founder of the Quantum fund with George Soros. Of course, both statements are true, but I’d much rather hear the first than the last.

  2. biff said:
    November 7th, 2007 at 1:10 pm

    That’s so nice to know Cnris, thanks for sharing that.

  3. charlie said:
    November 7th, 2007 at 8:10 pm

    Rogers…calls for a dollar pop recently when gold was 760…talk about micromanging a trend…his ego is too out of control even for a 4 foot tall guy. If you were long gold he would have made you miss the round number 800 and now we are at 840.

  4. C. Maoxian said:
    November 7th, 2007 at 8:40 pm

    charlie: He’s short but he’s not four feet tall … these price targets are all guesswork but my current one is $888 for gold.

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