The earnings reports coming form Japan are very good,says Jesper Koll of JP Morgan Chase.Corporate Japan is recovering very nicely.For April-June,it is very likely there was a sharp increase in aggregate earnings,a very steep recovery in overall sales.You could see 10-15% up in aggregate terms,Mr.Koll believes.
In Thailand,we're definitely seeing a return of foreign buying after the election,Andrew Yates of Asia Plus,the RBS partner in Thailand,indicated.It seems to be business as usual.The foreign flows are very strong.
We continue to like the banks.People are also looking at property and consumer plays.The SET property index is up 12% since the election.The single biggest concern is inflation.The Bank of Thailand has been pushing up rates,but the current 4% of inflation isn't too bad,in Mr.Yates'opinion.
Golfer Yani Tseng of Taiwan won the RICOH Women's British Open in Carnustie,Scotland on Sunday.
Most Asian shares were higher Monday morning in relief at the U.S. debt ceiling agreement.In Taipei,it was 90F under scattered clouds.Winds were N at 5 mph,and the humidity was 59%.
Sunday, July 31, 2011
Walmart Jobs
Walmart is hiring for its new Fairfax,Virginia supercenter.Openings are in grocery,front end,pharmacy,receiving,sales associates and overnight supervisors.Over 73% of Walmart managers began as hourly Associates.Competitive wages and possibly benefits are offered for these flexible schedule positions.
To apply to America's largest employer,visit the hiring kiosks at
Walmart Store #5880
11217 B-Lee Highway
Fairfax,VA 22030
703-273-0630
or go to www.walmart.com/apply and specify Site #5880.
To apply to America's largest employer,visit the hiring kiosks at
Walmart Store #5880
11217 B-Lee Highway
Fairfax,VA 22030
703-273-0630
or go to www.walmart.com/apply and specify Site #5880.
Thursday, July 28, 2011
After Open Heart Surgery:Searching For Right Words
It was amazing to me that,even when I was in the hospital and unable to post for a while,people were still visiting the blog.That was most appreciated.
"A form of PTSD," or post-traumatic stress disorder,is what occurs to me when I try to characterize the post-operative feelings of open heart surgery patients.Many of them sustain long term physical and psychological impacts from the drastic and complex procedure which they have undergone.To be sure,most of them are glad to be alive,given the seriousness of their health problems.They have a second chance now,imperfect as it may be for a number of them.
In my own case,the valve repair was not totally effective.With some degree of emotion,I lay there one night realizing I was not perfectly whole.The diseased valve is still mildly defective,leaking a little blood.It had been nearly destroyed by illness,so that result wasn't too surprising for me.Sometimes the lesions are so severe,it isn't possible to fully reconstitute the valve,though making it strong enough to last at least as long as an artificial replacement.
The emotional aspect of the procedure cannot be overstated.A heightened sense of fragility is a permanent reminder to the patient of everything they've gone through,and,indeed,may be encountering again in their future years.
The sheer length of recovery is in itself remarkable.The incision alone may take up to a year to fully heal.It may itch and sting a bit until that time,and bears careful attention by both the patient and medical team.
For possibly years into the future,the patient,according to the anecdotal literature,may experience ocular migraines,or visual disturbances with or without headaches.Vertigo and lightheadedness may also be felt sporadically for a long duration of time.The exact causes of this are not well-understood.Usually further testing doesn't explain such continuing discomfort.That is why "a form of PTSD" may be an apt description of the elusive phenomena.
Eventually,most patients will resume the full range of their activities,but it must be emphasized that this may take far longer than anyone had envisioned.As well,their souls may be tinged with blue from time to time as they reflect upon their most unusual pathway through the busy world.
"A form of PTSD," or post-traumatic stress disorder,is what occurs to me when I try to characterize the post-operative feelings of open heart surgery patients.Many of them sustain long term physical and psychological impacts from the drastic and complex procedure which they have undergone.To be sure,most of them are glad to be alive,given the seriousness of their health problems.They have a second chance now,imperfect as it may be for a number of them.
In my own case,the valve repair was not totally effective.With some degree of emotion,I lay there one night realizing I was not perfectly whole.The diseased valve is still mildly defective,leaking a little blood.It had been nearly destroyed by illness,so that result wasn't too surprising for me.Sometimes the lesions are so severe,it isn't possible to fully reconstitute the valve,though making it strong enough to last at least as long as an artificial replacement.
The emotional aspect of the procedure cannot be overstated.A heightened sense of fragility is a permanent reminder to the patient of everything they've gone through,and,indeed,may be encountering again in their future years.
The sheer length of recovery is in itself remarkable.The incision alone may take up to a year to fully heal.It may itch and sting a bit until that time,and bears careful attention by both the patient and medical team.
For possibly years into the future,the patient,according to the anecdotal literature,may experience ocular migraines,or visual disturbances with or without headaches.Vertigo and lightheadedness may also be felt sporadically for a long duration of time.The exact causes of this are not well-understood.Usually further testing doesn't explain such continuing discomfort.That is why "a form of PTSD" may be an apt description of the elusive phenomena.
Eventually,most patients will resume the full range of their activities,but it must be emphasized that this may take far longer than anyone had envisioned.As well,their souls may be tinged with blue from time to time as they reflect upon their most unusual pathway through the busy world.
Monday, July 25, 2011
Advantage View:Where the Opportunity Is
Earnings have been very healthy on the back of cost-cutting,according to Steve Barry,co-chief investment officer at Goldman Sachs Asset Management.We see a market with stocks reacting individually.There's only so much you can do on the cost side.You've got to get some revenue growth.
I think you have to look beyond our borders.The U.S. is maybe half to a little more of our company's global results.The middle class of the emerging markets can help drive growth globally.
We see an improvement on the credit side of financials.We're in a world where investors want confirmation,rather than what may happen.Financials look to us to be very opportunistic here.That anticipatory dynamic is core to what we do.Financials are enterprises that behave and adapt,Mr.Barry believes.
Bob Albertson,a principal and chief strategist at Sandler O'Neill Partners,L.P., also likes the financials.He would go into banking.You're seeing accelerating signs of loan growth to businesses.It's a magnetic attraction to see that.The financial sector hasn't participated in the rally.
At the end of the day,credit demand is picking up.The excess capital is overflowing,and the banks don't know what to do with it,Mr.Albertson points out.
Goldman Sachs(GS),iShares Dow Jones U.S. Financial Sector Index Fund(IYF),iShares S&P Global Financials Sector Index Fund(IXG)
I think you have to look beyond our borders.The U.S. is maybe half to a little more of our company's global results.The middle class of the emerging markets can help drive growth globally.
We see an improvement on the credit side of financials.We're in a world where investors want confirmation,rather than what may happen.Financials look to us to be very opportunistic here.That anticipatory dynamic is core to what we do.Financials are enterprises that behave and adapt,Mr.Barry believes.
Bob Albertson,a principal and chief strategist at Sandler O'Neill Partners,L.P., also likes the financials.He would go into banking.You're seeing accelerating signs of loan growth to businesses.It's a magnetic attraction to see that.The financial sector hasn't participated in the rally.
At the end of the day,credit demand is picking up.The excess capital is overflowing,and the banks don't know what to do with it,Mr.Albertson points out.
Goldman Sachs(GS),iShares Dow Jones U.S. Financial Sector Index Fund(IYF),iShares S&P Global Financials Sector Index Fund(IXG)
Sunday, July 24, 2011
Asia This Day:Vietnam Prices Soar
Vietnam's inflation is up 22.16%,the highest in the region.Vietnam says it is unlikely it will meet its 17% inflation target.Food and transport costs are up,and raising interest rates didn't help restrain inflation.In Asia generally,higher oil and food expenses,coupled with a tight labor market,are driving inflation higher.
Korean electronics titan Samsung is the global smart phone leader,according to the latest research.The company has sold up to 21 million smart phones,with Apple coming in second and Nokia third.Samsung's Android-based phones are extremely popular.
Australia's Cadel Evans has won the Tour de France cycling event.At 34,he is the oldest winner of the race since 1923.
The New Zealand dollar,the kiwi,is near a record high on concern over the U.S. debt problem.Asian shares were modestly lower this morning,Monday,for the same reason.
In Ho Chi Minh City Saigon,it was 84F under partly cloudy skies.The humidity was 74%,with winds SW at 9 mph.
Korean electronics titan Samsung is the global smart phone leader,according to the latest research.The company has sold up to 21 million smart phones,with Apple coming in second and Nokia third.Samsung's Android-based phones are extremely popular.
Australia's Cadel Evans has won the Tour de France cycling event.At 34,he is the oldest winner of the race since 1923.
The New Zealand dollar,the kiwi,is near a record high on concern over the U.S. debt problem.Asian shares were modestly lower this morning,Monday,for the same reason.
In Ho Chi Minh City Saigon,it was 84F under partly cloudy skies.The humidity was 74%,with winds SW at 9 mph.
Thursday, July 21, 2011
Jake Gittlen Memorial Tournament Underway Soon
The 42nd annual Jake Gittlen Memorial Golf Tournament will soon be underway at the Hershey Country Club in Pennsylvania.The tournament tees off on Saturday,August 13 and features the top amateur golfers in central Pennsylvania as they compete for local golf's biggest title.It will be played on the East Course this year,which was formerly the site of the Nationwide Tour's Hershey Open.
The tournament was first held in 1970 as a memorial to cancer victim Jake Gittlen by his son Warren,former captain of the Penn State golf team.It has raised over 14 million dollars to date and is the signature fundraiser for the Jake Gittlen Cancer Research Foundation.Northwestern Mutual is this year's tournament sponsor.
The research foundation raises more than 830,000 dollars a year in support of oncology studies at the Penn State Hershey College of Medicine.The scientists there are working on diverse topics,including carcinogenesis;immunotherapy;metastasis;genetic instability;and gene regulation.
Once again,Giant Food Stores is a major patron of the foundation.The company has raised more than 5.8 million dollars for the foundation since 1982.It is a division of Dutch food retailer Ahold.
Attractive,hand-made bracelets in support of the foundation may be purchased for 10.00 each by emailing asgwmg@comcast.net.
Koninklijke Ahold NV ADR(AHONY)
The tournament was first held in 1970 as a memorial to cancer victim Jake Gittlen by his son Warren,former captain of the Penn State golf team.It has raised over 14 million dollars to date and is the signature fundraiser for the Jake Gittlen Cancer Research Foundation.Northwestern Mutual is this year's tournament sponsor.
The research foundation raises more than 830,000 dollars a year in support of oncology studies at the Penn State Hershey College of Medicine.The scientists there are working on diverse topics,including carcinogenesis;immunotherapy;metastasis;genetic instability;and gene regulation.
Once again,Giant Food Stores is a major patron of the foundation.The company has raised more than 5.8 million dollars for the foundation since 1982.It is a division of Dutch food retailer Ahold.
Attractive,hand-made bracelets in support of the foundation may be purchased for 10.00 each by emailing asgwmg@comcast.net.
Koninklijke Ahold NV ADR(AHONY)
Wednesday, July 20, 2011
Goldman Misses,Yet Improves
The profit miss recently reported by Goldman Sachs is quite instructive.It shows how conservative Goldman has become in the wake of the financial crisis.Not only is Goldman averse to monetary losses;it also doesn't want any more egg on its face.The company took quite a drubbing in Congress and in the media for its business practices leading up to the crisis.
As well,the decrease in compensation for its employees reflects this new conservatism on the part of the iconic Wall Street firm.The luster may be off this storied company to a certain extent,but it can only gain in the long run with these new practices leading to a more secure and stable future.
Goldman Sachs(GS)
As well,the decrease in compensation for its employees reflects this new conservatism on the part of the iconic Wall Street firm.The luster may be off this storied company to a certain extent,but it can only gain in the long run with these new practices leading to a more secure and stable future.
Goldman Sachs(GS)
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