I admit, I was wrong on China

[The Kin2]

Whenever someone would claim China was in a bubble or looking for ways to short China, I would laugh and mock them. I was under the belief that we were just seeing the catch up effect on an economy of 1.3 billion people; the rapid growth was fully justified.

Boy was I wrong!

China is the biggest bubble of them all.

Congrats to who got it right. Also, did anyone ever discover a shortable instrument which correlated China 95%+?

 

[lilboy716]

Economy purchasing power of about 300million... The rest cant even afford to shop at a "local" Walmart

 

[Renegen]

? The manufacturing growth is real, even if it only covers a small percentage of the total population.

 

[deviltrader]

Quote from The Kin2:

Whenever someone would claim China was in a bubble or looking for ways to short China, I would laugh and mock them. I was under the belief that we were just seeing the catch up effect on an economy of 1.3 billion people; the rapid growth was fully justified.

Boy was I wrong!

China is the biggest bubble of them all.

Congrats to who got it right. Also, did anyone ever discover a shortable instrument which correlated China 95%+?

out of curiosity, what made you change your mind?

 

[Lorenzo]

Quote from The Kin2:

Also, did anyone ever discover a shortable instrument which correlated China 95%+?

http://stockcharts.com/h-sc/ui?s=CAF&p=D&b=5&g=0&id=p66155695478

 

[makloda]

Careful with CAF its a closed-ended fund that can trade at a discount or premium.