asian boom

Its been almost three weeks since ive put anything here... just been busy lately. Phew! Anyway lets get back to business and our business is stocks or finance or anything with value in it!!! :) theres a lot going thru my mind right for its three weeks worth of ideas and observations around me that i sometimes use also in my valuations. Simple as it may seem to the naked eye but if you really look and understand things deeply you will realize a lot of things. I was in hong kong for a week for business and luckily last thursday afternoon i had a bit of free time and i was able to go to hong kong disneyland with two friends. I know this might sound funny at my age but i still think that disney still has its magic!!! i really dont know what is it but theres just some kind of magic when youre there. I guess that is a good indicator of a good product and if only disney was a publicly traded company in the philippines i would surely love to own its stock. :)
when i was in hong kong there were a few simple things that i noticed that when i point this out to you you woud be surprised how you couldve taken it for granted. My trip to the said country was really for business but going around the country you cant help but notice some of the things there. Hong kong has very strong consumer spending like i was surprised when there was a line to go inside louis vuitton??? was really surprised to see that and i dont blame them for doing that because a lot of people go in the store not just to look but also to buy!!! there are a lot of buyers from hong kong residents but i believe that a big part of their costumers are people from the mainland. Which again im stressing that point that i have been making with you guys here. There will be an asian boom coming in the next few years and it is now believe almost inevitable now with the rise of metals, weakening of the us dollar and the looming recession of the us caused by the subprime crisis. Sooner or later fund managers and businessman will put their money somewhere where they can see promise or potential and that would be in asia. There will be shift in funds to asia!!! money is never lost it is only transformed or if you want transported in another place. :)
another thing that i also noticed in hong kong was the emergence of macau! Imagine this the venetian and wynn put up casinos there and soon mgm will have theirs operational also! What does this mean??? whenever there is a casino it means that there are people who are gamblers??? nahhhh just kidding it means that there are people with cash or excess money or in short people with money to burn. :) american companies put casinos there in macau to be able to get a piece of the pie and they see the potential in asia. :) just imagine folks three casinos in macau! Thats how confident they are in the asian market. :) if other people are so bullish with us here in asia shouldnt we also be bullish on ourselves???? :) another thing that i think also will help push up asia will the beijing olympics in august next year. :) it will be like a showcase of china and asia to the rest of the world. :) i wonder what is the effect of the olympics on the host country before and after the said event??? i think that would be an interesting study. :) i think an asian boom in the next few years is eminent but of course dont expect it to go up like a rocket i know there will still be some volatility but the general trend would be up. :)
there are only three things that could happen to an economy it could: go up, go down or move sideways. On the part of the us it is really going to go down even with the fed rate cuts because it is only a short term solution to the problem. It will solve the problem and calm the us markets in the short term but it is inflationary in the long term. It will drive the prices of different classes of assets up. And one asset that im really keeping an eye on is gold. :) when gold broke $695 my opinion was that the minimum upside of gold was $740 and it has already reached that mark and what it will do after that we have to see and gold will be supported by traders in the $690-$700 level. But i really do like the potential of gold with the weakening of the us dollar. :) i like gold so much that i even “speculated” on philex mining. :) i bought the stock of the company because i was confident with the rise in the price of gold and not because of the company itself. :) the market is now up almost 20% year to date and it is nice to see it back where it was before the panic but im still thankful for that for i was able to get shares in ayala corporation and national reinsurance at a good price. :) i attended the tatler 6th anniversary ball last saturday and it was a thrill for me to see all the bigwigs and taipans that shape our economy. :) look, observe and notice all the things that are happening around you to help you make your investment decisions. :) its nice to be back home. :) good luck and take care to everybody. :)
p.s. After a week of trying i have finally gotten through blogger!!! phew!!!