The longest absence I can remember. Dare not even check when was the last time I went on the blog.
Not much of a concern. Not personal business, not even the market craze. Simply bogged down by a ill-managed work project on my part. Just submitted, thank God. Eager to catch up with the loss in time.
The market crash doesn't concern me because I simply have no market. Believe it or not, my position in the pool is about the order of 10K. The only stocks I have are the minimal subscribed amount when a number of state banks had their IPOs about 10 years ago.
Yesterday during lunch with friends, a casual glance into RT instant news caught the no. “-2100”, the largest fall of the HSI I could remember. This morning, a similar glance gives me the no. “+1000”. My reaction to these wild swings is simply “what a theater”.
But I am worried, not about A or H or the HKSE per se but the fate of the nation if the state-administered rescue finally proves to be one of the largest financial disasters on earth, 10 or even 20 times the scale of that of Greece.
I am a journalist but not a traditional one. I am much more interested in the effect of presentation, therefore the actual influence than simply what the facts are. I don't believe in the 'facts' dogma.
In this respect, the Apple Daily is of no match. For the same facts, they can summarize a convince judgment in about one sentence. The headline of their front page today is a classical example of this achievement.
Back to my Chinese language:
AD頭版新聞的標題濃縮如下；《中港融合股巿攬炒 資金找最流通市場對沖 A股停牌潮 大戶套現抽乾港股 中國自製危機 過度槓桿引致 同公司A發公告、H停牌 中央再出招嚴懲減持 外資券商開始看好A股 》。