David Tsao

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    • Will 2009 Bring Ring Three of the Financial Circus?
      If you look into the ISM Manufacturing Report on Business and scroll all the way down to the Employment Index, you'll see that purchasing managers had a really negative outlook on employment last month (index fell to 29.9 from 34.2 the previous month. We are only a few days into the new year. Layoffs require time to plan and execute.

      At the heart of any economic stability is employment. We won't see stabilization until we go through massive layoffs (which have not occured yet).
      Jan 04 22:18 pm |Rating: +1 0 |Link to Comment |View article
    • Why I Bought Financials (Despite the Mess)
      The selling surge will continue. I admit it is hard to buy stocks in this environment, but some stocks are on sale now. I got into XLF a few months ago. Was it the bottom? Well of course not... that's easy to say now. They key is I took a small bite. If it continues to go on sale, and you believe the world isn't coming to an end, then now is a better time to feast on those quality companies you've always wanted to own.

      Jul 15 08:00 am |Rating: 0 0 |Link to Comment |View article
    • Are We Seeing a Bottom in the Financial Sector?
      Hard to say if we are at the bottom or not. Short term, I still think there is more weakness ahead. Given that, I got into XLF after AIG wrote down a bunch of their assets. Long term prospects I feel good about XLF.

      Mar 25 06:40 am |Rating: 0 0 |Link to Comment |View article

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