Big red flag – without the yellow stars
Posted on 21 April 2010
China’s stockmarkets have been lagging those of the US for some time:
Worse still they have now slipped below the 50 day and 200 day moving averages. Wonder how long this state of affairs can be maintained before some steam comes out of the commodities markets?
10 responses to Big red flag – without the yellow stars
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Considering they are clamping down on home prices and the rate of loan growth has slowed dramatically I’d say the direction is down.
http://merrillovermatter.blogspot.com/2010/04/china-lending-continues-to-slow.html
http://www.datadiary.com.au/2010/04/21/big-red-flag-without-the-yellow-stars/
Whoops, here’s link #2
http://merrillovermatter.blogspot.com/2010/04/china-tightening-rules-on-home.html
Seems sensible to me. But they do like to wave that cheque-book about.
Greg,
Also liked this article by Roger Montgomery…
http://blog.rogermontgomery.com/can-a-bubble-be-made-from-coal/
Cheers
Good article, just read it now.
If I owned any coal stocks, I would certainly be selling.
Same here – if I owned any…
I would consider shorting the coal stocks, but the crazies in Iran could really throw a curve into the entire energy sector. Instead I’m effectively short Australia, Chile, and copper.
Longer term coal and the entire energy sector will be a good buy, but NOT NOW.
Hopefully China will go POP and freak out everyone and I can scoop up all the energy plays I want and then go away for 10 years.
Glad to see Mr. Faber agrees with me
http://www.creditwritedowns.com/2010/04/marc-faber-symptoms-of-a-bubble-building-in-china.html
Seems like the pressure is really starting to build. Over the last week, the list of name brand commentators and investors that are calling for a (near term) correction has got a lot longer. And China seems to figure prominently across the board.
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