Curt Smith

Is the Chinese Market Overvalued?

This morning China has announced changes to floating the yuan and to cool their markets. Any thoughts on what this means to ADRs and the FXI?

tnx curt

Goldman Warns China Correction Possible; Shanghai Renews Record High

Well, China has announced a 3 pronged change to cool their markets this morning. Any comments or thoughts re Chinese ADRs or FXI?

tnx curt

Goldman Warns China Correction Possible; Shanghai Renews Record High

I've read on a Chinese news site that they will soon float the yuan to solve several issues, but what effect will it have on the FXI/EEM ETF's, near term, medium term? This question is in the context of Goldman shorting the Chinese ETFs etc. It's rumored that there's few Chinese ETF shares to be borrowed to be shorted, the put open interest is high.

Any analysis or suggestions of where to go for analysis? There's so many up/down forces in play right now...

tnx curt

Chindia ETF Exposes Investors to 40% of World Population

I'm concerned and curious and wanting to understand the many complicated forces in play:
- Chinese banks turned loose to buy foreign stocks. Rumor had it that the jump in the FXI was the banks buying. Not exacly spreading their risk eh?
- Goldman Sacks shorting the chinese ETFs and issuing a warning after they did so. Nice guys.
- Articles in China suggesting a full float of the yuan is a week away or soon. What effect does this have on the Bank purchases, the price of the FXI?

What's your thoughts on these issues? The near term price of the FXI, medium term etc?

tnx curt