China decoupling from wall street

[mervyn]

All I can say is "good riddance!!" Hope they never list here ever again.

I can name at least 5 Wall Street firms who pocketed lot of money for any listing, China or not, Israel, and South Africa included.

China SOE stocks are very safe, blue chip safe. While tech stocks the American VCs need to cash out. So goes with Enron and Sunbeam.

 

[themickey]

They are doing US investors a favor. China Large Cap has been underperforming the S&P for a long time by a huge margin:
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I've noticed a similar trait on ASX, mining stocks in particular, those with Chinese directors underperform. I make a point of looking at who are the directors and major shareholders, if Chinese, then I avoid.

 

[easymon1]

I've noticed a similar trait on ASX, mining stocks in particular, those with Chinese directors underperform. I make a point of looking at who are the directors and major shareholders, if Chinese, then I avoid.

That's the way you do it. Case closed. Hey man, whats the weather like over there today? Beachable? Been getting any Bike Time? How'd that Tadpole project turn out?

 

[The_Krakenite]

China has defrauded the American public for years.

Meanwhile... it wasn't that many years ago that US Banks defrauded the entire world and caused a world-wide financial crises wiping out even generational wealth. All the while these fraudsters paid themselves literally millions in bonuses (using tax payer's money) to do so.

The SEC was a toothless lion...

 

[ET180]

That’s apple vs orange. Index diverged since the trade war. We printed 5t to buy stocks notwithstanding. But the interesting thing is that other than SOE, most of their highflying tech stocks are seeded and owned by foreign VCs, BABA and Tencent for example.

I don't see it as apple vs. orange. S&P is the largest American companies by market cap. FXI is the largest Chinese market cap companies. There was nothing stopping the printed money stimulus checks from buying Chinese stocks / indexes...some of that money certainly flowed into far more speculative crypto and meme stocks. Things diverged long before 2018. A 70% return since 2004 is horrible.

China SOE stocks are very safe, blue chip safe. While tech stocks the American VCs need to cash out. So goes with Enron and Sunbeam.

You gotta be kidding. The CCP doesn't like Ant / Jack Ma so they go after Ali Baba. They can destroy any company whose leader steps out of line. Imagine what they would do to an Elon Musk if he was the CEO of a Chinese company. You think he would be able to mock CCP members on Twitter like he has mocked US politicians? You think he would be able to openly criticize the CCP as he has done with the SEC? Not a chance.

Oh no, don't look at the aggregate indexes, let's cherry pick a few examples and then ignore the vast majority. LOL, good joke.

 

[The_Krakenite]

-money certainly flowed into far more speculative crypto and meme stocks.

While Cathy Wood made record breaking ARKK profits (from fees) not too long ago... I'm wondering how poorly she would have done without all the free stimulus hand-outs to her clients/customers/victims.

One thing I've re-learned from this bubble, is never underestimate how much stocks wrapped up in ETFs can implode when the baskets are forced to sell off. Rumor has it, there is a lot of dip-buyers still going on in her fund, which is struggling to hold those assets from further decline.

It was warned many months back, that some of her holding were very illiquid and would be a major sword in her back. That turned into reality. On the way up, her own buying caused them to rise in value... and that was a double-sided edge.

 

[TheDawn]

I can name at least 5 Wall Street firms who pocketed lot of money for any listing, China or not, Israel, and South Africa included.

China SOE stocks are very safe, blue chip safe. While tech stocks the American VCs need to cash out. So goes with Enron and Sunbeam.

Enron is long gone. Which century are you living in? Are you a time traveller? LOL

 

[Overnight]

Well, in about 80 minutes, we're going to have China retail YOY print. Let's see how decoupled we really are from China. The forecast is 5% growth. Hard to gauge because of their lockdowns over the summer.

 

[TheDawn]

So overall, everybody is happy that China is decoupling from Wall Street then. Glad everybody is on the same page. CCP's got its face saved for Pelosi's visit to Taiwan and America's investors' public's money is less defrauded. Yay!!

It's rare that China does something that makes everybody happy. LOL

 

[TheDawn]

Well, in about 80 minutes, we're going to have China retail YOY print. Let's see how decoupled we really are from China. The forecast is 5% growth. Hard to gauge because of their lockdowns over the summer.

Prob. not a lot. Still seeing Made-in-China stuff littering everywhere on Amazon.