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Shanghai climbs just 0.1% overnight, but it's enough for the index's 8th straight gain, and now...

Shanghai climbs just 0.1% overnight, but it's enough for the index's 8th straight gain, and now a 28% advance since early December. Volume is up sharply too as Beijing does what it can to encourage a flow of money into common stocks. The latest was last week's expansion of the number of stocks available for margin financing and short-selling. FXI -0.3% premarket.
Comments (2)
  • vallies
    , contributor
    Comments (351) | Send Message
     
    China injects a record 138 billion into its system. F sells over 60,000 vehicles in China. They are trying to clean up the junkets, which, to me, the average guy, is good. I would be more willing to bring a loved one, or ones, somewhere when I would know "The Gang's All Clear". I guess we could replace the beginning word to the song "Blue Moon" too "New Moon".
    7 Feb 2013, 06:21 AM Reply Like
  • vallies
    , contributor
    Comments (351) | Send Message
     
    Goods and services grew 25% from the same month a year ago. Imports accelerated 28.8%, sharply higher than the 6% rate of "expansion in the previous month". I will be checking what the exports were in their relation to there given point of receivement. When checking RAILFAX.COM, you just can't look at the recent drop, it's seasonal. When you look at it you should look at the last 3 to 4 years.otherwise you'll get spooked. For the last couple of years that big drop happened in February, and after each year the bottom of the chat held, producing a higher seasonal gain. One point that should be taken into account was how dry last summer was. so we will have to what and see how that turns out. Why," You can't float the boat when your in a river of sand'. Two ,the amount of intermodal rate has increased nicely, which helps to off set the lack of coal shipments. Three, Mexico.We will have to see how the government cut backs will play out, one Navy ship was pulled already. They should have those boys who know that ship better than any one and have them redo that ship to make it cost effective. Have ETN come in and give them a good solid bid, some of those ships need to be upgraded. It is had to judge the Baldry for the amount of new ships put on line. Hopefully China's coal shipments are down, I don't know what the docks look like now, put I do recall they had large stockpiles of it not to long ago.I haven't been there I just saw the reports. These indexes are up a lot from recent lows, but they are down more than they are up.I like what I see, and I am long CAF, even through the volatility. CAF might have a pay out in the end of march. the last time they paid out it was for the amount of around 2.00 a share. Thank You.
    7 Feb 2013, 11:34 PM Reply Like
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