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1.For 2008, credit crunch would continue, more and more structure finance stuff would get unwind..The world of SF would end in tear and sub-prime is only the catalyst.. 2. CBs shd not cut but they hv to cut more, the more important thing is they would panic more when they find out that it is not a liquidity problem but a systemic one.. 3. EM will not decouple regardless how strong they appear, keep ur eye on those domestic driven names and IR sensitive names in EM.. 4. Keep ur short in the western financial world tho there has been a lot of price-in concern, it is still far away from over yet.. 5. 千言万语1张图： [ 本帖最后由 oliverzeno 于 2008-1-5 01:36 编辑 ] |
