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We’ve been following the Chinese stock market closely, because over the last few years it’s been a “canary in the coal mine” for US equities. The fact that the Shanghai index actually peaked last August, and is now in the process of rolling over, should be a concern to anyone who is long US stocks. Follow […]
We’ve been watching Chinese stocks very closely for almost a year now, because the last time the markets all tanked, China led the way. Since retracing a standard fare Fibonacci amount of their previous losses, Chinese stocks actually put in a top last August, and since have been making an ominous set of “lower highs” […]
OK I’ll admit, it’s a stretch for me to sit here in my comfy office chair in Northern California and opine about the future of the Chinese economy…especially since I’ve been there exactly zero times. But the internet is a wonderful place, and it’s a fun sport anyway, so with that disclosure out of the […]
Burton Malkiel, author of A Random Walk Down Wall Street – because of course we all know that stock prices are subject to completely random movements – is starting a hedge fund to “go long China.” This story really is too good to be true. Chinese stocks quietly topped last August. Burton is timing the […]
Regular readers are aware that we’ve been watching the Chinese market as a potential leading indicator for US equity markets for some time. Our astute readers aside, of course, the average financial slob (or pundit, if you will) seems unaware that the Shanghai Composite topped way back in August. When I posted this chart and […]
Is the Chinese stock market. Gold is hitting record highs, oil is breaking through to yearly highs, the DOW and S&P are hitting recent highs – but the Shanghai Composite languishes… China: Taking a breather, or rolling over? Source: Yahoo Finance Do Chinese investors know something we don’t? You may recall that Chinese markets turned […]
I saw a familiar sight on the charts today – green for the dollar, and red for just about everything else. This was a very common sight last fall and winter. This currency picture, courtesy of Barchart.com, used to be an all-to-familiar one. Then when the famous “March 6” lows held, and spring sprung, we […]
China’s Shanghai Composite index got walloped overnight – falling 6.7% – and reaching it’s lowest levels since May, reports the Wall Street Journal. Flash Player 9 or higher is required to view the chartClick here to download Flash Player now View the full INDEX:SSEC chart at Wikinvest Could China be leading the broader markets down? […]
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