Tuesday, March 10, 2009

Spring Stocks (蛋黄吃得多)

Shanghai and Shenzhen were leading the world in stock performance this year.

But hope springs eternal, perhaps for the naysayers of market socialism, aka local state capitalism.

guanxi relationships blossoming like bamboo shoots after a spring rain, and young men's fancy, perhaps they cannot be blamed.

A national, potentially regional or global, system of market economy based on particularity and schmooze is definitely a challenge to the armchair stock traders who sit in lower manhatten, scoff at labor (and marx), and eat packets of mustard as subsistence.

My contribution: a cartoon from China Securities Journal (CSJ), January 10, 2009, page one (A1):

The cannon, looking lonesome, has a tag around its neck reading:
"Value Investment"

The man with a cigarette in his mouth, and a tag on his sleeve reading "fund" or "基金", brandishes his sword while viewing a stock market index fluctuating up and down, wildly, stating:

"This year calls for short-term soldiers, with some daily fluctuation buy-sell activity!"

And underwater my stocks continue to be.

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