Wednesday, July 9, 2008

How the concept of BJ's Olympic Games is abused

Do you remember a guy from a certain investment fund called Marco Po*o speaking aloud in Bloomberg about our Chinese stock market and BJ Olympic Games in 2008?

This guy said that our Chinese stock market was ruled by emotions and sentiments and it would rise above the sky because people felt carried away by BJ's 2008 Olympic Games! Impliedly he was saying that you could ignore all fundamentals and just place your bets to win based on the 2008 Olympic Games in BJ. What a joke!

I remember Bloomberg kept broadcasting the commercial promotion presented by such guy for a long time. I got too upset by such exaggeration and took the trouble to find out a certain email contact with Bloomberg and sent a note to Bloomberg to tell them to stop! Well, you know what happened or did not happen. Now, you see how funny such commercial can sound!

If I learn anything from the stock market in these few years, it is the lesson that we must be wise BEFORE the event. The Beijing Olympic Games is something sacred to all of us and I find it disgusting to hear anyone to abuse such event and turn it into a foundation for speculations. Well, we know the price you must pay for abusing our BJ Olympics now.

Equally disgusting is the prediction that everything will fall apart after BJ's Olympics. Such idea is totally groundless and abusive! Just give us one example to show which country had done badly after hosting the Olympic Games. There is none! How could you say such thing about China!

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