ES Journal - 2021/2022

China equities look primed for a solid bounce FWIW

From 14 months ago:

I mean think about it... they have 1.5 Billion people that are 100% controlled and monitored by the government, they are told what to do and when to do it. Thats all they've ever known. They just want more "stuff" as their quality of life slowly rises. (Yee-haw, we got a new digital crock-pot and a big screen TV... look how far the family has come in one generation kids).

Any future insurgency of note will be swiftly put down. Easy to to do when you have 8 Trillion cameras with unheard of AI behind them monitoring everywhere you go and what your mood is that day... complete with your social credit rating that controls every aspect of your life. On top of that their military and their weapons are way more than enough to keep the rest of the world out. So yeah, no changes at the top of the government for as far as the eye can see.

They have no friggin' EPA really, and they could care less what the rest of the world thinks so they can produce whatever they want. And they're smart, they learn from their mistakes. The government has learned over the last 30 years how the markets work and how they can be manipulated. They will engineer a growth economy, hell they were already doing it. And doing it well. Then came this bug.

China's not going away, this flu will however. People need to think like Buffett and look 10-20 years down the road.

...Buy China and keep buying. If it goes lower, buy more.
-vz
 
Went long at 4163.75, so a bit upside down. Managed to scalp out about 20 long points yesterday, which was pretty good considering it was mostly a downtrending day.

GLTA,

AM.
 
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