2Q, Oil and Cement

More than confirming the rumour, Goldman-Sachs posted 3.44B profit. The truth behind quantitative easing is out.

On Thursday China will report their GDP and google (goog)their earnings for the second quarter.



Crude stays below 60. Local analysts (apple daily today, HKEJ last week) are after refineries [ CNOOC (HKG:0833) and Sinopec (HKG:0386)], with cement (中國建材, HKG:3323) thrown in for good measure.


Google Finance:

• http://www.google.com.hk/finance?q=0883
• http://www.google.com.hk/finance?q=0386
• http://www.google.com.hk/finance?q=3323

HKEJ:

• The great american bubble machine, Rolling Stone issue 1082-83, Matt Taibbi. - how GS engineered market manipulations