[Boris]

Whilst we all wait for the return of my Big and Tasty Meal I feel we should reflect on Yesterday and look at what going on for the rest of the week.

Who was crazy yesterday ?
Lets vote

1) Goldman Sachs dropped 50% of its profits and stock went up , driving the DJIA up -- It was better than expected and is " one of the old boys ".
MY VOTE - Crazy

2) Alibaba quadrupled its profits, outperformed the " old boys " predictions and subsequently dropped below its recent IPO offer price and over 20% on the day. The CEO is a diminutive mainlander from Hangzhou - go figure how the " old boys " might react.
MY VOTE - Crazy

3) The Fed gives away more money to its friends and drops the base rate by 3/4 %
MY VOTE - NOT Crazy

3a) Subsequently the banks look to RAISE rates to you and me because they don't trust each other and, ABS ( After Bear Stearns ) are looking for the next show to drop. So - the Feds drop basically is nullified by Scrooge.

MY VOTE - Crazy

4) The HSI will soar today and there will be posting about the good times, I made lots of money, time to invest etc etc. Even GEM companies took a real hammering again yesterday, Our High Cap H share guests are going to have HUGE inflation issues to deal with in the next few months ( go look at Sulphur prices from a year ago and how that effects agriculture which is China's base ) and are still massively over geared.

MY VOTE - Crazy

Finally two points from the US that could take crazy to a whole new level.

5) The US tax rebate - upcoming gift of UP TO USD 1600 to Kick start the US economy after you pay your 07 taxes. Of course anyone with Business 101 knows that what could appear positively in a companies quarterly figures has little impact of the real national economy -- unless of course those " old boys " down on Wall Street start repaying the debt that Mr Fed has helped them with. Shades of The Godfather and Sopranos !
MY VOTE - TOTALLY CRAZY !!

6) And you always should leave the best to last - Obama - reveals he is actually IRISH.
Great Grandfather came from Dublin - Revealed of course on St Paddy's Day .
Which proves two points -
1) All US presidents MUST come from Ireland

2) Why all aged African Americans look like a walking Pint of Guinness !!

EVERYONES VOTE -- Totally BONKERS !!!!!!

[KnowItAll]

We got to give you your own TV show.

[climber07]

Originally Posted by KnowItAll

We got to give you your own TV show.

I can almost see this on CNBC:

Cramer vs. Boris "The Mad Revolution"

[KnowItAll]

Funny .. that was exactly what I had in mind.

Boris could be China's Cramer ...

[Boris]

Sorry - over my head.
The only 2 Cramer ( Cray - mar ) I know is the guy on Seinfeld - I find it impossible to do that slide on the floor thing, and Dustin Hoffman's character who couldn't make French Toast - I can cook very well thank you.

Please enlighten me !!!

[Boris]

Oh - Reference my 4) .
Seems not to be soaring . Opened nicely up and is staying flat.

No doubt this thread will be the major topic at lunch in Central today. I wait with baited breath for my reviews indicated in the PM session !!!!!!!

[KnowItAll]

Boris, search youtube for cramer meltdown.

[Boris]

OK - now I get it. Remember this from way back - the guy has been proved as a sage in relation to Bear Stearns and this was way back in the middle of last year?

So maybe these guys took notice.
Bear stock sales late-'07 helped cut Putnam loss | Markets | Hot Stocks | Reuters

Anyway just glad it wasn't the racist meltdown on Youtube of Seinfeld's Cramer !!!

[Boris]

I absolutely , totally , 1000% take back, any thoughts anyone might have had that I thought Jim Cramer had any sage like qualities.

Just seen The Daily Show ( Monday edition ) showing a clip of him on March 11 saying ( in no uncertain terms ) don't take your money out of Bear Stearns, Nothing wrong there at all.

OOOOOOOPPPPPPPPPPsssssssssssssssssssss !!!!!

[KnowItAll]

Had a chat with one of the GeoFinance guys about Alibaba.

1) Large amount of profits are from their pre/IPO cash reserves.
2) Sales income might be dodgy because they lowered commissions
3) No word on number of new accounts / new revenue generated through those accounts....