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China Stock Markets Plunge

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    China Stock Markets Plunge

    Oh, oh . . . China stock markets heaved
    nearly 3% overnight, the worst showing
    in 4 months.

    British data overnight shows their
    economy is contracting (recession).

    U.S. home prices are surprisingly still
    under downward pressure.

    U.S. durable goods order released this
    morning showed a 2.2% jump, but trade
    was expecting about 3%. U.S. economy
    growing, but at a slowing pace?

    Errol

    #2
    Hey anyone got a site that they look at for European or and Chinese stocks?

    Comment


      #3
      According to this site Chinese corporations have been screwing western investors for at least 5 years.

      Comment


        #4
        Ooops forgot to post site.

        http://www.bloomberg.com/quote/SHCOMP:IND/chart

        Comment


          #5
          Going back 12 years does not look good either.

          http://finance.yahoo.com/q/bc?s=000001.SS&t=my&l=on&z=l&q=l&c=

          Comment


            #6
            Sorry Errol for leaving so many possibly useless posts. I am now stuck on Van Ecks mutual fund site that shows their obviously best ever return over a couple years and when I try to change the date it always goes back to the best ever time to invest.

            http://www.vaneck.com/Chart.aspx?tkr=EMRYX

            Comment


              #7
              Shades of [URL="http://www.bloomberg.com/news/2011-08-26/sino-forest-executives-ordered-to-resign.html"]Sino Forest[/URL] Batman!!!

              Comment


                #8
                I damn near bought Sino only 2 days before the trading halt. You can ask any Chinese or Philipine immigrant about Sino and they all know them, they are huge and most likely have every acre of tree that they claimed. They are refusing to show their books cause they want to walk away with millions, I think they are just screwing the west plain and simple.

                Comment


                  #9
                  When the SHTF with Sino I decided it was a good time to average down. Stupid,stupid stupid.

                  Oh well. The lesson learned; "do not invest in China."

                  Comment


                    #10
                    When the shit hit the fan SHTF you likely did the right thing. You can go to China and listen to hi ho yung fung you don't learn shit. All I know is the Ex 's chinese stocks are still doing good. Now are they traded on the Hangseng or Hongkong as index?

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