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Author:

LongTerm CapGains

Subject:

Off Topic

Date:

09/15/21 at 6:05 AM CDT

 

 

READ: 2

RPLY: 1

0

0

RECS:0

Sentiment:

Neutral

Reply to:

MSG`#5205,`09/14/21
By LongTerm CapGains

 

Re: Bought KWEB on Friday

Now retail data in China is dropping, so eCommerce companies like BABA, JD and PDD are dropping on the news.  Lower for longer seems the operative word on these stocks.

Not going to touch anything China related until I see some bottoming process.

I too wonder if Xi Jinping is way over his head. Be careful what you wish comes to mind regarding Xi Jinping. 

Investment in China has to be slowing down.  In fact, I wonder if it isn’t looking for friendlier shores, like India or some other South East Asia country.  Billionaires may also be moving money out of the country.  Xi Jinping is killing the goose that lays the golden eggs.

 

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