Chinese Stock Market plummets....

Discussion in 'Finance, Property, Law' started by Litotes, May 30, 2007.

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  1. oldbaldy

    oldbaldy LE Moderator Good Egg (charities)
    1. Battlefield Tours

  2. European markets recovered in the afternoon, regional ones more affected yesterday (Hang Sen down 0.86%, Nikkei 225 0.48% and Philippines 1.57%). With the World Bank having lifted its forecast Chinese growth from 9.6% (as predicted in November) to 10.4% though things should bounce back though locally....shouldn't they?
  3. Japan is where the future is - China is emerging and too volatile. Long term growth is expected. IMHO of course !
  4. Long European and emerging equities. Both positive over the longer term as fundamentals good. Shorter term valuations stretched due to recent price action - an opportunity to exploit

    Other points:

    1) Nobody can forecast growth. If central banks can't do it...
    2) Intra day market movements are just noise.
  5. They will bounce back about a month....
  6. The UK market fell 110 points today. Not much but a precursor to a larger fall, IMHO. Confidence is leaking away.