miamistorm

Growing Resistance to Foreign Ownership in China

Sounds like some Americans who in the 1980's were saying that Japan was buying up the US and would soon own almost everything. The Chinese will get past this too just as the Americans did. The world's a changin', it's called globalization and it ain't goin' nowhere.

Coal and Steel Stocks Take A Hit

Some readers of this forum seem to believe the China story is all over after the Olympics ends. Don't fool yourselves about the China growth machine. The Chinese coal and steel stocks (ex. GSI) have bright futures ahead. With the Chinese economy growing on average at between 10% to 12% annually for at least the next 5 to 10 years the global slowdown is a little more than a speedbump for this ancient nation. Let us not forget that when the Olympics end preperations for the World's Fair in Shanghai begin. By some well respected estimates China will spend nearly as much on the World's Fair event as they did for the Olympics. I agree with the reader who wrote that 'now is not the time to buy momentum stocks' as the momentum is down and it's a little too late to buy these dubvious 'bargains' here in the developed world but in the emerging world of China their steel and coal stocks are where US Steel was at the begining or our industrial revolution. How many of us, given the chance, would buy US Steel when that company was only several years old?

JP Morgan Offer for Wachovia Makes Sense

Sounds like Todd bought some WB after the rumor of a JPM Chase possible buyout on the hope of a $24 offer. I'll bet you watch too much CNBC and I'll also guess that you had owned YHOO at one time and was burned by the Microsoft 'buyout' too. There's no deal happening here either as JPM Chase has too many subprime and other debt issues on their own balance sheet to take on WB's as well.