8/10-three in one

Interesting USD movement after that nonfarm payroll report, weaken for 30 seconds before strengthening. Goldman said “There aren’t a lot of people that have had to deal with an angry bear, but for those trading today, some would say the price action approached that level of panic. Just remember bears run faster than people and today was just a few bullets at said animal – hardly enough to kill the beast ”

M asked me to drop him an msg if there is anything he doesn’t know from that MTK conf on Tuesday. This is actually not easy because m knows everything there is to know about MTK! So it took me a long time to come up with nothing, but when I read this note, I noticed he couldn’t possibly know how “creative” sellside people are. At work I often see misleading arguments or logic fallacies. But a three-in-one package? it is not something we see everyday



1.321 m chipset shipment in China implies market size in china is aound 477m? Please! Even if MTK delivers 321m, almost half of them end up in the hands of Indian customers or in other emerging market.

2. It’s difficult to gauge inv level because it’s easier to borrow money? Hello! CCB(construction bank) just said they plan to cut lending by as much as 70%! This logic is twisted, and assumptions are made based on false facts.

3. correction in 2H? man, so is Taiex and everybody. heard of financial melt down or subprime crisis?