If you have ever remember the "neuclear bomb" we mentioned?

We first talked about this in our older gold investment idea post
China sold 9 billion bond reduction at a 5-year high

Times amiable (backchina.com) The Treasury Department yesterday released data indicating that China, Japan August reduction of the speed of both the United States government bonds hit a new high at least five years, of which China's bond holders scale of the month decreased by 2.2% about 9 billion US dollars to 400 billion US dollars, set since April 2002 has been the fastest speed. The market, the impact of Subordinated Debt crisis, the dollar assets are being since the Russian debt crisis of 1998 the largest wave of selling.

According to the Ministry of Finance revealed that the United States, in August, in July revised data emerged 19.5 billion US dollars inflow of funds after the United States sold a net asset markets (including bonds, notes and stock) reached 69.3 billion US dollars. August capital outflows exceeded March 1990 21.2 billion US dollars the highest on record.

Japan's reduction of China's more than significant, August bond holders size decreased 4% to 586 billion US dollars, reducing the speed record since March 2000 high; China Taiwan is a decrease of 8.9% to 52 billion US dollars, setting 10 since 2000 , a new high since.

Countrywide CEO Angelo Mozilo is bracing his portfolio for further CFC bloodshed.

Here’s the rundown of his trading activity last week:
That’s about $16 million in stock value for Mozilo. If his portfolio allocation is any indication of CFC’s future performance, look out below. We wouldn’t be surprised to see another round of layoffs this week.

On the other hand, if you’re holding puts,congratulation!

Gold rebounces while market tanks today

Gold continued its rebound overnight, trading in London all the way up to $748 for immediate delivery -- a brand-spanking-new 27-year high. Only one other time in history has gold been this expensive. Also, as we noted last week, never has gold been able to sustain this high of a range for this long…
A good sign?

But the mkt sells off at the late trading today because a major Wall Street bank lowered its sales expectations for Chinese Internet company Baidu.com. Recently this company, together with other technical stocks, shows a strong yet extended rally with about 70% gain in past month. The pull back caused the sell off in the tech sector which also lead to big market pullback. However, tech sector just rebounce from their low on August, we view opportunity for the correction in this sector.

Money source for our retirement account

“China's got a massive plan to build many more nuclear power plants -- $50 billion and 32 plants by 2020,” notes Mayer. “The ‘whisper’ number of 300 more by the middle of the century is even more mind-blowing.”

Despite China’s rapidly growing appetite for oil (now second only to the U.S., as we reported yesterday ), the red nation is far behind on a nuclear scale. Only 2.3% of the country’s electricity is derived from nuclear power. Compared with 20% here in the U.S. or an incredible 80% in France…China’s got a long way to go.

“Given what China's demand for other commodities has done for the prices of those commodities, we should take note of its new surge into nuclear power. It would seem to bode well for the price of uranium and the profits of those who sell it.

“Even if uranium prices doubled over the next few years, nuclear energy would remain an extremely competitive energy source. Eventually, of course, new uranium mines will come online. And eventually, of course, the price of uranium might retreat. But so what; the price might soar in the meantime, especially because demand seems certain to increase sharply.”

go check the Uranium stock on the google finance if you are searching sth for your IRA account.

Energy Crisis again?

I read a news today about the energy that would want people to pay attention to the potential energy sector play again!
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The latest figures released by the International Energy Agency,” comments Kevin Capp “show the global production of liquids dropped by 854,000 barrels per day from August 2006-August 2007.

“In addition, we're pumping out 1.53 million barrels per day less than the all-time high of 86.13 million extracted in July 2006. Translation: The sun may have already set on our ability to meet world demand.

“This is not good.

“Running that close to the bone means any systemic shock — a hurricane that damages drilling platforms in the Gulf, a terrorist attack on oil pipelines in Nigeria, an unexpected cold snap in the Northeast — could cause prices to skyrocket, impacting everything from costs at the pump to costs at the grocery store. What's worse, the less oil we have, the less it takes to zap the price upward.”

The rumor on the street for gambling again

Let's see what it is, however we should remain cautious.
“Investors shrugged off a profit warning from Citigroup and instead focused on the possibility of more Fed rate cuts,” reads the first sentence of CNN’s report. Oh boy… that’s bad. The rates are being cut for a reason. And it’s not because Bernanke wants your 401(k) to return 20% this year.

we remind you: The Fed’s last rate-cutting spree began with a surprise cut on Jan. 3, 2001. The next day, stocks surged, just as they did last month. By the end of January, the buzz wore off and the Fed cut by 50 bps again… and stocks surged yet again. Less than two months later, the Dow lost 10%.

As we pointed out, 14300 is coming!!!

that is just a pause for the mkt, we will enjoy the rally first!~:)