Back after a long break.. Again, muddled between a ecstasic phase and a job dilemma. No regrets what so ever.. 

I am surprised the market has been holding over the last couple of weeks. The market continues to rally on a sign of good news, and ceases to respond on bad news. This is not a actual sign of a market bottom, but the investor frustration on the pace of the drop. I do believe that the market has further downside beofre a sustainable recovery. 

Fed's beige book is out today, and on the face of it, it signalled a near end to the recession, and led to a last hour market rally, Rake the top and there still are some bad news across US. "A complete absence if lenders in commercial real estate market", "steady or falling prices since last report", "revenues at services firms generally decreased, as did average service sector wages and employment".. and worse, "the deflation is still a looming danger". 

Quote of the day "If you owe yoru bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy". In regard to the position of US with China!! :)