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2015 Correction "OMG China!"

igor555 wrote:

no ASHR in the MSCI

It’s not a real global index if it does not include this huge investable market.

Just garbage benchmarks for people to pretend they are beating “on a risk adjusted basis, or whatever”.

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welcome back PA

"You want a quote? Haven’t I written enough already???"

RIP

dude PA, where have you been?

Be yourself. The world worships the original.

Welcome back, PA.  It’s a releif to know that no one dumped you inside a slab of concrete as it was being poured.  When Asian markets went south and we didn’t hear from you.  I half expected some client of yours had done just that.

You want a quote?  Haven’t I written enough already???

bchad wrote:

Welcome back, PA.  It’s a releif to know that no one dumped you inside a slab of concrete as it was being poured.  When Asian markets went south and we didn’t hear from you.  I half expected some client of yours had done just that.

LOL good laugh.  thank bchad

Be yourself. The world worships the original.

bchad wrote:

Welcome back, PA.  It’s a releif to know that no one dumped you inside a slab of concrete as it was being poured.  When Asian markets went south and we didn’t hear from you.  I half expected some client of yours had done just that.

Bwhaha, yeah I heard about the rumors…but no, I live, and rage on!!!!

Drinking espresso and scheming…

My spanky new China A-share trade is as follows: since I’m almost done collecting the fat Summer dividends (annual payouts), I’m trying to sell ASHR calls @ $30-ish for extra income (covered calls against my massive A-share portfolio). Expiring just before possible Trump presidency threat. No sucker is taking the bait so far, but I have faith some Millennial or whoever will eventually bite HA! The opening of the Shenzhen market (rumor) might provide the required optimism?

Hard to see the CSI300 rallying 25% in the next four months, but it’s an irrational market so you never know.

Galli wrote:

Weekly CSI 300

http://stockcharts.com/h-sc/ui?s=%24SSEC&p=W&yr=5&mn=0&dy=0&id=p71326392245

EDIT: I intended to say the 200MA on the weekly for CSI 300… Just draw a line out about 12 months and you’ll get my rough price target of around 2750.  

Bump.Getting real close to my target! 2 more months!

^ I tried to sell some puts, a few months out, down in that 2700 range, couldn’t get a buyer though. The rumor is the government-floor is still in place and being defended.

chinas big 4 banks are trading at almost half of book value

whats up with that?

"You want a quote? Haven’t I written enough already???"

RIP

igor555 wrote:

chinas big 4 banks are trading at almost half of book value

whats up with that?

That’s what I’ve been telling you guys forever now! :)

The big four actually average 0.8 P/B (from 0.7 to 0.9). If you are looking for a rational reason in a Western valuation/risk type of thinking, that’s not how that market works. The local investor base just doesn’t like banks (boring in their mind), and they don’t care about dividends (since they can make 6% in one day day-trading on CHINEXT).

"You want a quote? Haven’t I written enough already???"

RIP

Deutsche Bank is trading at .25 P/B. Buy buy buy!

purealpha wrote:

igor555 wrote:

glad i bought those ASHR last month

China is all catastrophic losses and astronomical gains, don’t let them freak you out. I bought a bunch of A-shares at crazy good value, but am sitting in a sea of red! Big picture, getting in anywhere at these lows – ten years from now the CSI300 returns will have massively outperformed the S&P500.

in it to win it

"You want a quote? Haven’t I written enough already???"

RIP

“G-20 countries should intensify consultation and coordination, forge policy consensus, and guide market expectation,” Chinese Finance Minister Lou Jiwei said Saturday at a symposium kicking off the meeting. He repeated comments from President Xi Jinping that it’s “vitally” important for the group to enhance how it works together, adding that the “global economy is at a critical conjuncture” as the “impacts of the international financial crisis are still unfolding.”

U.S. Treasury Secretary Jacob J. Lew on Thursday talked down the need for crisis-level coordination. The U.S., is “a bright spot” in a world with a lot of uncertainties. [bull****]

http://bloomberg.com/news/articles/2016-07-24/china-seeks-intensifie...

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Hmm, it seems to me thoughts from China should not be so quickly dismissed. All countries have economic data on all other countries, except economic data on China. China has all data, since it has its own. When China says these things, one wonders if they are not signaling what only they know? Anyhow, I remain pretty bearish on the global economy; Brexit, Trump, terrorists, China slowdown, US earnings recession lasting two years…its not great.

^ I read China’s comments as an ask for help and Lew popping the middle finger.

Someday they’ll get along!

Galli wrote:

^ I read China’s comments as an ask for help and Lew popping the middle finger.

Well duh, that’s how Americans always think, it fits into their little narrative. 

"You want a quote? Haven’t I written enough already???"

RIP

CSI-300 now back over 4000. Another run up to 5000 coming?? 

I’d been sleeping thru it, really took a closer look today, I’ve been making bank! The stuff I bought during the correction: my Saic Motors stock is at a 75% gain, Great Wall Motor up 65%, Qingdao up 60%, ICBC up 60%, China State Construction up 40%, Citic up 35%. My worst pick was China Unicom, only up 20%. cool