Alm 2010

Wei Wei and FC Barcelona soccer heroes Messi, Deco, Márquez and Puyol give a gentlemen’s salute to female soccer players with “Go-Girl-Go”, a theme song and a music video. Listen to snippets from every participating country in the Women's World Cup 2007. Visit The official Wei Wei http://www.weiweimusic.com site.

Market data: (change compared to 17 August)

Wei Wei has attracted a lot of interest from china. For everybody that prefer another language you can visit http://alm2010.blogspot.com where I have installed a translator. Its not working perfectly but its ok. Many of the stories here are also published there.

魏已引起了很大的兴趣来自中国.人人喜欢另一种语言,你可以访问 http://alm2010.blogspot.com 那里我已经安装了一个译者.其工作并不完美,但其好.很多故事在这里也有刊登

Most markets were rather unchanged on thursday. In Japan Nikkei 225 showed a gain of 2.6 % which stands out from the rest of the picture. It was rather much a day off. I am still puzzled about what really is going on. Am kind of sure about that most participants have to find new trading/business models and that will take time. Until they are ready will the old school of participants rule. My feeling is that many in that group has been rather cautious for quite a while so with underlying profits and to them relative values at attractive levels maybe they will consider buying the market. For the ones that consider the trend to be their best friend many have decided to go short the market lately. That could sparkle a rally that I think still is very possible. There are two things that makes me nervous and both of them have to do with the theories used for measuring risk. We do not have random walk, constant interest rates and volatility levels. Writing calls and puts is selling insurance and I hope we don not find to much off that in balance sheets. Darwin rules so good becomes better and bad disappears.

Market data: (change compared to 22 August)

I was showing the latest video with Wei Wei and the players of FC Barcelona here on the site for about a week. I had an enormous amount of chinese visitors. I am very happy for that and will because of the popularity of Wei Wei install Google translator. It will soon be possible to understand even if you dont speak english. Unfortunately it doesnt work to translate my swenglish to english.

The VIX (volatility index) is down since friday close from 29 to 23. Thats a rather big move and shows us that market participants are turning less nervous. If anybody did take the oppurtunity of selling volatility last week it is rather okey to take nice profits now. I still think that a covered call strategy makes sense but of course it yields less now. One market stands out for the day, week and year. The Chinese mainland market. In Shanghai they trade their stocks at fresh all time highs and up more than 80 % on the year. What puzzles me is that nobody seems to take notice. I think the underlying strength in corporate profits and the "potential" that China represents for the corporate world will take us out of this credit mess stronger than we were before. Darwin rules so good becomes better and bad disappears.

Market data: (change compared to17 August)

Have a look at Wall Street Journal in Chinese. Its never to late to learn a language that so many use.http://chinese.wsj.com/gb/index.asp