globalmacro

China Stocks: April Was Kind

Lord Kraken, what about all the stocks trading on the NYSE? They're not trading at a 40/50 PE. In fact some of the NYSE traded multiplayer online game companies like GA and PWRD, have half of their market capitalization in cash, 60-80% operating margins, growth rates over 100%, and trade at forward PEs under 20. You're clearly only focusing on the stocks that local Chinese can buy. As an American, you can buy the cream of the crop at very reasonable valuations.

Tuesday Outlook: Unremarkable Volume, Breadth

Head and Shoulders top in India? No way. Only a very short-term analysis would ever jump to that conclusion based on the totally random gyrations of a closed end fund chart. Take a look at the more naturally trading ETF charts please. IFN trades in a very strange way based on supply and demand dynamics that have nothing to do with the underlying value of the companies in the fund.

China Stocks: April Was Kind

There are some really high quality names on this list. China's consumer is just beginning to come of age and I suspect that China's consumer will have an equal weight with the US consumer a few years prior to the 2020 target set by a number of prominent economists and research firms. The 50% selloff in China's A share market is a great opportunity.

Do ETF Investors Care About Expense Ratios?

Just another example of how the average investor remains clueless. I guess we can't expect most people to be smart enough to realize that if they pay 20% less for their investment products that its just as good as paying 20% less for a pair of shoes. In fact, its significantly more important to play less for investment products due to the insidious effect of small fee differences when compounded over time. Just look at the disaster the average American worker is headed towards due to the proliferation of 401k plans with 3%+ fees. The impact is truly ASTOUNDING.