Sorry. I would post it if it existed. It's "A 14 Page Special Report On China And Its Region." FYI: I was always skeptical of the China, and BRIC, story. Until now. Nothing is a substitute for cold, hard data to convince me of near inevitabilities. One snippet: "The number of cars in China has leapt from just 4m in 2000 to 19m in 2005. That translates into eight cars per 1,000 people, compared with 500 cars per 1,000 in America. Goldman Sachs thinks the figure will more than double by 2010 and reach over 130m by 2020. But even then China will still be way below American levels of car ownership today." Even if Goldman's estimate is 50% too high, can we all agree where things are headed?
The short side looked proper last tuesday. However, the market could not follow through and we saw econ. data push it up on this past tuesday. I covered 75% on monday, but my 25% left on the tabel took an ass kicking. I was forced to cover my 25% today. I expect chop tomorrow as well as Tuesday. The IRAN tension has slowed, release of Brits back to a very embarsed "Weak" super power that is England. Oil may climb due to demand, but A quarter of Higher prices will not cause panic. Even Two quarters of gas at 4 or so will not cause an panic. Housing seems ok. Subprime's have not melted into the rest of the banking, Yet. VIX is steady. Other than personal feelings, I don't see any reason to be bearish at this time. That could change in the near future. But right now, i see upside. As bearish as I am, I think we have a few more moves up.... E
I hear you I hear you its just that my gut keeps calling me and telling me of minor pullback so I will short some, not a lot I trust my gut, it has friends up HIGH
Close your shorts, clear your mind, look at the charts, and think about it. You can always short after the next push up or if you are looking to go long, wait for 1442 cash. Hope it works out for ya...lencho.
ByLoSellHi, you have changed so much in just a couple of days !! Ofcourse the data in the report is correct : there is huge potential demand in China and even more so in India and many other countries. Even Pkistan has done quite well recently. Neverhteless, there always are ups and downs in the markets. There always are reccesions. Now we are so high up, so overbought ignoring all negative news that there seems quite a decent possibilty of a pull back. Look at how over leveraged everyone is, from stocks to mortgages to credit cards. Even though in the long run we will see growth, I don't understand why you think that NOW, right now is the best time to invest ? Another thing to consider is that with growth and shift in financial and military power toward the east, may big companies today could face increasing competition from Chines or Indian companies. Eg GM could be replced by a Chines or Indian manufacturer as the top auo maker, ATT could be playing secon fiddle to say Reliance of India which purchased FLAG ( fiber optic link around the Globe ) a few years ago, big western banks and insurance companies could be challenged by Asian competitiors. I am not saying all this will happen, that all Western companies would neccesarily lose out but the " growth " could happen differently from what we think today.
There is much, much, much more in this article, that is incredibly compelling, Drew. Gurmail - You're right. We can and will have pullbacks, but long term, the prospects are beautiful. There have never been more global consumers, voracious in appetite, and technology, communications and transportation has never brought buyers and sellers closer together at equilibrium prices.