Asian prices
Proof that bubbles burst: the price of 1982 Lafite Rothschild in China has halved. Locals have been switching from Bordeaux to Burgundy and the price of La Tache rose 40% last year and Romanee-Conti 17%. Meanwhile the price of tuna is soaring in Tokyo. In the first auction of the year at Tsukiji fish market, a bluefin tuna sold for a record $736,000 or $2737 per kg.
Another amusing snippet of news is that Warren Buffett has recorded a video of him playing the guitar and singing which will be broadcast on TV in China at Chinese New Year.
One of my colleagues was lamenting the lack of stability in markets. Another replied, "Stability is the last refuge of the unimaginative."
posted by Whispering Walls at 8:46 am
5 Comments:
The last thing traders want is stability - you can't make money out of that
A stable uptrend?
Hi This is Janet again. I am sorry I've lost your email.
What is your view about the current D&G issue in Hong Kong, regarding photographing?
Thanks.
Janet
Hi Janet - my friend in HK says D&G's new name is Dog & Garbage!
Ah dear WW, the very fact that it is an uptrend means it is not stable - what goes up must come down....
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