Powered By Blogger

About Me

Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!

Monday, December 03, 2012

China Stocks Divergence

China has operated through most of this year with easier monetary policy and, in line,
the economy has been performing better over the past 4-5 months. So has the pricing of
residential real estate. The real estate market remains at the center of speculative interest
in China as the Shanghai Exchange index continues in a bear market despite easier money
and an improving economy. Major investors and traders around the globe remain
focused on the quality, big cap liquid names (GXC) which have fared better than the
broader SSEC. China remains a tough market to trade. SSEC with GXC In Top Panel

No comments: