I spotted that higher low in the FXI as well. Looks rather compelling at first. But then... also look at HAO - not convincing. But most important: You forget that when people are talking about the Chinese Market they do not all think about the FXI. They look at the Hang Seng (rather ugly) and especially the Shanghai Composite (absolutely ugly). You may be right that the FXI has set a bottom but I doubt it. Well, and after all... fundamentally we don't have any visibility yet how long and deep this economic valley will be we're still climbing down... I think it's a bit early to call a bottom at all. Nevertheless: Good luck!
-
I spotted that higher low in the FXI as well. Looks rather compelling at first. But then... also look at HAO - not convincing. But most important: You forget that when people are talking about the Chinese Market they do not all think about the FXI. They look at the Hang Seng (rather ugly) and especially the Shanghai Composite (absolutely ugly).
Nov 24 20:28 pm
|Rating:
+1
0
All Comments by EconoMarcus »China: A Good Time to Be Long? [View article]
You may be right that the FXI has set a bottom but I doubt it. Well, and after all... fundamentally we don't have any visibility yet how long and deep this economic valley will be we're still climbing down... I think it's a bit early to call a bottom at all. Nevertheless: Good luck!