LIQUIDITY是最近几天股市爆跌的一个主要原因,SUBPRIME危机引起的UNWINDING使得各大机构纷纷套现, 回笼资金, 用以应付急剧增加的现金需求. 预料这种情况会持续到市场LIQUIDITY恢复为止, 但这需要央行的帮助, 就看老BEN坐不坐的住了(目前FED还是不认为经济受到了SUBPRIME的冲击)
现在对美元, 只有日元涨, 新元, 人民币, 澳元, 新西兰圆都在跌, 美元需求量很大!
目前经济大势还是好的, 华新人手中股票的基本面也都是很不错的, 只是市场定的价就是这样, 烦人啊.
of course liquidity is not the only thing,
but looking at short term lending rates like LIBOR, and treasury yields, you can see how much people are eager for CASH and how much they want to put CASH in a safe heaven. These few days, investors's confidence is collapsing. They just wanna get out of the market at any price.
Huasing Association 1999 - 2013