Roger Nusbaum submits: It seems like a lot of people are coming on the network with very bullish short term outlooks for the Chinese markets. I disclosed selling the last of the Sinopec (SNP) I held for clients over the weekend in the video (sold on Friday, disclosed on Saturday). The stock closed on Tuesday about where I sold it.
My sale could turn out to be a bad one, but after tripling in 17 months, I think I need to hear more from the bulls about why the obvious concerns that might arise when a market has gone up so much in such a short time are not going to be problems. It might be a function of the questions these guys are asked, but for a six month period or so the risk seems to be greater than the reward.
I expect to be back into China in an across the board fashion, but I think it will be a while.