Hickey and Walters Bespoke submit: With Chinese growth and prosperity displayed on our TV sets each night throughout the Olympics, it's hard to imagine that China's stock market could be doing so poorly. But in a classic bubble pattern, China's Shanghai Composite is now down 60% since just...
Roger Nusbaum submits: Many months ago I decided that I would probably get back into China, one way or another, when/if the Shanghai Composite dropped 60% from its high.Monday morning, Shanghai got within a few points of 60% down and I bought in on Monday by swapping out of...
Carl T. Delfeld submits: During the past month, the S&P 500 SPY has been up over 4% besting every country ETF, with the exception of India which has come alive after its government survived a no confidence vote over the US-India nuclear deal. And while the S&P...
Colin Twiggs submits: The rise in crude oil demand over the last 5 years, as discussed in last week's newsletter, is largely due to growth in demand from China. So far the Chinese economy has withstood the global slow-down, maintaining GDP growth above 10 percent per year. The Shanghai Composite...
Hickey and Walters Bespoke submit: Below we highlight a chart of consumer confidence in China versus its Shanghai Composite equity index. With equities down nearly 60% from their peaks in China, you would think confidence would also have fallen significantly. But it seems that the Olympics as well...
Carl T. Delfeld submits: China ETFs such as iShares FTSE/Xinhua China 24 FXI have disappointed investors looking for an Olympic-sized surge but some good news may start the medal rally tomorrow morning. The Shanghai Composite has lost more than 50% of its value as worries about lower growth, higher...
The Sun submits: July was a volatile month for the U.S. markets. The Dow Jones Industrial Average started the month with some big losses, even closing below 11,000 for the first time in two years on July 15th. But since then, the index has reclaimed some of the losses...
By Samuel Shen SHANGHAI (Reuters) - The plunge of China's stock market has created long-term buying opportunities in infrastructure and consumer shares, the head of HSBC's HSBA asset management unit said on Tuesday. "Even after you modify China's growth rate down, it's...
By Robert MacMillan SAN FRANCISCO (Reuters) - Fears that emerging market demand for Dell Inc DELL and Hewlett-Packard Co HPQ technology products will slow and that the U.S. dollar will strengthen in the remainder of the year may overshadow earnings in line with...