U.S. Foreclosures Jump 57% as Homeowners Walk Away

http://www.bloomberg.com/apps/news?pid=20601087&sid=aN3CfG7wYMuI&refer=home
This is the most important news today on bloomberg.

I take this as the signal of a prolong recession + hard landing in USA. I am more bear than a panda now.

NCTY only up like 6%... seems that analysts are still very skeptical on the renewal of the WoW contract with Blizzard. It's a pity that THe9 has such low bargaining power that it will be hard for them to argue for a better deal (royalties and oher fees). They need to have other successful games to be less dependant on WoW.

506 Hk, 606 HK will announce earnings tomorrow, let's see.

Buy out of money put for next month is my strategy this year: it's like buying mark 6, your chance of winning is low, but return is very big. I think the odds is actually much bigger though!

For my friend who bought Chinese property:
http://hk.realestate.yahoo.com/080415/300/2sen6.html