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Showing posts from March 8, 2009

Stock Market Bottom Out and Opportunity Abound

Last week, LSI sat down with some of the small to medium size VC firms in the Bay Area to measure the investment beat. These are the firms that managed to raise funds before the market crash last fall so they are still looking for opportunities since everything is on the cheap. With deflated valuation and and a very dead equity market , the firms are looking very very hard to find value. If LSI is holding to the kind of money that they have, LSI would invest in stock market for there are many solid and yet undervalued companies in the market.

Being a professional in the industry and had experienced the ups and downs of the market before returning to a private life, LSI thinks that these are the best of times as well as the worst of times. And the shrewd investors like Warren Buffet will make his billions more by the time the market crisis is over.

As a disclosure so to not violate any SEC regulations (and as if people care), LSI is no longer a stock broker or financial analyst. Neverthe…

Joseph Cao: " I think race might be the issue.."

In facing a recall attempt by the African American community in his New Orleans district, Congressman Joseph Cao stated in the an interview with the local ABC affiliate that race may play the role in the recent recall attempt. A Republican freshman congressman in a district where 65% are African Americans and 85% are Democrats, Joseph Cao is facing a recall effort initiated by two African American ministers for failing to vote for the stimulus package.

The recall effort is deemed to be unconstitutional by the state attorney general and now is being challenged in federal court.

Cao is facing a tough race in 2010 and the odds are against him to win his seat.