I saw the latest announcement that Barclay’s rights issue was primarily taken up by Asian banks and soverign funds, this trend seems to be continuing - I think more will come.

When are we going to see lights at the end of tunnel for financial stocks, a number of high profile financial instituions are already casulaties, would we see more to come, I think the answer is yes.

Out of all the companies, I do think Warren Buffet’s Berkshire Hathaways will do very well - I used to work for GenRe, which is closely associated and owned by Berkshire Hathaways, the business is still doing OK there, and Buffet’s war chest means he can use the cash he has on hand to buy up few more insurance and financial institutions at bargain price.

On that basis, I think I am going to add few more Berkshire Hathaway shares this week.