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It's a traders' market
October 31st, 2011 4:31 PM

Like always, we will see the stock market and bonds up and
down in the trading range. It will go no where.

Even for the unemployment rate, it will stay around 9.0ish%
for sometime, while Caterpillar will hire 5k people
and Whilpool slashes 5k. Same for other companies. Lots
of IT companies are hiring and some financial companies
laying off people.

I had a past clients went to China last week. He tried to
ask me to lock the rates for him if the rate is low while
he is in China. I told him that the rate will not come back
at the best level until after the new year.

I don't have crystal balls. But let's wait and see.

Steve Job's biography was out last week. I got a copy
from Aamzon. Interesting to know some histories I did not
know, though I was an IT engineer before. Very interesting
to read.

Have a nice day.


Posted in:General
Posted by Eric Fang on October 31st, 2011 4:31 PMPost a Comment

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