BCA: China has 20-30% more downside to go

Quote from dac8555:

no offese, what you are saying is what everyone was saying in 2000-2001 for the first parts of the correction.

on day does not a correciton make, it is probably the beginning of a downtrend. remember the business cycle, china has been growing at a staggering rate for a long time, and the gov. is trying to put the breaks on.

buying here is pure gamblig..and NEVER average down.
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http://main.hsi.com.hk/hsicom/table/MnPEHSI.html

Go there.
Hang Seng PE is 15.95, and thats end of last month... Mainland china H-shares aren't much different. I think a bit lower at the moment.

Nasdaq PEs (as well as S&P) were astronomical in comparison during tech bubble.

read the charts and study the fundamentals.. everything is a gamble, by the way, especially trend following when valuations are out of control (which they usually are, if you are trend following).
 
Quote from scriabinop23:

read the charts and study the fundamentals.. everything is a gamble, by the way, especially trend following when valuations are out of control (which they usually are, if you are trend following). [/B]
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The trend is your friend....:p
 
Quote from scriabinop23:

http://main.hsi.com.hk/hsicom/table/MnPEHSI.html

Go there.
Hang Seng PE is 15.95, and thats end of last month... Mainland china H-shares aren't much different. I think a bit lower at the moment.

Nasdaq PEs (as well as S&P) were astronomical in comparison during tech bubble.

read the charts and study the fundamentals.. everything is a gamble, by the way, especially trend following when valuations are out of control (which they usually are, if you are trend following).
More...

Heng Sang is based on H shares. Look at the Shanghai index. I think it would be a different story.
 
Quote from traderyin:

Heng Sang is based on H shares. Look at the Shanghai index. I think it would be a different story.
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I wasn't talking about buying Shanghai; I was talking about FXI (which is approx equiv to hhi.hk H shares).

Shanghai is nuts; we all agree.
 
Quote from scriabinop23:

http://main.hsi.com.hk/hsicom/table/MnPEHSI.html

Go there.
Hang Seng PE is 15.95, and thats end of last month... Mainland china H-shares aren't much different. I think a bit lower at the moment.

Nasdaq PEs (as well as S&P) were astronomical in comparison during tech bubble.

read the charts and study the fundamentals.. everything is a gamble, by the way, especially trend following when valuations are out of control (which they usually are, if you are trend following).
More...

I dont really put much weight in P/Es I think other things are MUCH more important.

What we have here that i feel is more important is a perception that the economy is overheated...which is why the govt is trying to put the brakes on.

if the govt puts the brakes on..no amount of P/E justification can save you.

look back to october 19, 1987 for a famous overnight move in trying to slow the economy..the speech started with "unfortunately"
 
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