Nice chart from HSBC of the yields of Yu'e Bao (Alibaba), Licaitong (TenCent), and Baifa Baizhuan (Baidu). Still convenient but yields less compelling ... and deposits capped at one million RMB mean no big depositors can take advantage of them.
Trading idea for Tue. Aug. 5, 2014 | Tiffany (TIF)
Movies Watched -- American Hustle
Had some funny bits but way way too long ... close to two hours and twenty minutes, that's crazy ... indulgent filmmaking. If they had been able to cut it down to 90 or 100 minutes it would have been better. Amy Adams was pretty good, much better than Jennifer Cheekbones. Lots of good songs on the soundtrack.
Movies Watched -- Philomena
Quit an hour in (with 40 minutes to go). Slow, cliche riddled, annoying "emotional cue" soundtrack, it didn't hold me. And the adopted son turned out to be gay? Ugh, I'm really glad I didn't watch to the end.
Q's Set Up on Monday
Here's my view of the Qs on Monday ... SQQQ is the ProShares 3x bear fund. Cross-currents across time frames, tricky biz.
Movies Watched -- We Steal Secrets (The Story of Wikileaks)
Assange strikes me as an egotist, the flowing mane, the sunglasses, the clothes ... he wanted to be a rock star (and became one). Manning is a troubled character ... feels like he would have imploded if Lamo? hadn't exposed him first ... of course there are atrocities being committed in war zones, probably every day, nothing that Ma and Pa back home want to know about ... anyway, movie is dated now in the "Snowden Era."
Trading idea for Mon. Aug. 4, 2014 | Netflix (NFLX)
See lots of longs after the recent rout, including Netflix.
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ETF Trading Portfolio Update -- August 1, 2014
Many important reversals to be made on Monday morning ... the Euro long is the oldest position to go, put on way back in December 2012.
ETF Trading Portfolio Update -- July 25, 2014
Sorry, posting this a week late, but there were no changes last week.
Ghost of Prices Past
Food inflation ... can't just paper over these things.
People Gotta Lotta Nerve
Probably my favorite Neko Case song ... posted after watching the documentary, "Blackfish."
Movies Watched -- Blackfish
About orcas in captivity ... "killer whale" is a misnomer, I guess. Reminded of the great Neko Case song, "People Gotta Lotta Nerve," which I'll post above. An indictment of SeaWorld.
M, the Civilized Man
NOTES ON FASHION, By John Duka, NYTimes, 30 August 1983
AFTER what seems like years of sleep, the field of men's fashion publishing is about to be awakened by an editorial face-off between two publishing giants, Fairchild Publications, which produces Women's Wear Daily and W, and Conde Nast, whose magazines include Vogue, Glamour and Gentlemen's Quarterly.
The reason? John Fairchild is about to release his long-awaited fashion magazine for men, to be called M, the Civilized Man. Appearing in mid-September (at $3 an issue, 50 cents more than GQ), it could represent a turning point in the fortunes of men's fashion publishing simply because it is the first such magazine to appear in years and because its content is geared to men whose interests are considerably broader than what to wear tonight.
...
There is one problem. The advertisements in the magazine - $1 million worth - are so mixed in with the articles that it is almost impossible to determine where one ends and the other begins.
Gentlemen's Quarterly has already gone a long way to meet its competitor head on. It has a new editor, Arthur Cooper, former editor of Family Weekly. It has revamped its format. The fashion spreads are neater, cleaner, simpler and more masculine. There is greater emphasis on serious feature articles. And, unlike M, according to Steven T. Florio, GQ's publisher, the editorial well will not be disrupted by advertisements and ''is sacrosanct.''
That is a policy that just might work in GQ's favor.
Blocked in China
I'll have to make this a running list ... you can see how impossible it is to live here (without a VPN).
Oh, I see there's a wikipedia entry on this. Anyway these are the ones I use:
- All Google services (Gmail, Search, Analytics, Maps, etc.)
- YouTube
- The New York Times
- The Wall Street Journal
- Bloomberg
- Flickr
- All Blogspot blogs
- All WordPress blogs
- Dropbox
- OneDrive
If I've missed anything let me know and I'll add it.
Trading idea for Thu. Jul. 31, 2014 | Fluor (FLR)
Trading idea for Wed. Jul. 30, 2014 | Phillips 66 (PSX)
Dragonvale -- Prism Dragon
Got it with Light + Shimmer .... just luck.
Movies Watched -- Call Me Kuchu
About the criminalization of homosexuality and gay rights activism in Uganda ... some disturbing clips of American evangelical preachers leading anti-gay rallies there.
Yu'e Bao's Net Fund Inflows
Nice chart from CIMB ... now that Yu'e Bao's yield is "only" 4.18%, the bloom is off the rose. Still has over 500 billion yuan in assets though.