1987 and 2008...Brings back memories

Discussion in 'Retail Brokers' started by Cabin111, Oct 24, 2022.

  1. Overnight

    Overnight

    They worked in spring of 2020.
     
    Last edited: Oct 25, 2022
    #11     Oct 25, 2022
    TheDawn likes this.
  2. ETJ

    ETJ

    Cross-margining changed the entire model. Wasn't recognized at 87.
     
    #12     Oct 25, 2022
  3. TheDawn

    TheDawn

    The truth is always somewhere in between. China's situation is not as dire as proclaimed by those doomsday soothsayers that predict China is going to crash in 30 days like those clown Youtube videos. China is the second economy in the world right now and is still the number 1 import partner of US. A country that the US of A, the strongest economy in the world imports its shit from is not going to crash in 30 days regardless of how bad the situation in China and I agree it's pretty bad. On the other hand, it's not as rosy as what the CCP paints either that its economy is still going to be strong and will continue to meet its strong growth target and blah blah blah bullshit. China's economy is having slowdowns and is not going to meet its annual growth rate this year that's for certain, with their ridiculous zero-covid policy which reduced their productivity to almost zero, all of the corruption in both the political and economic sectors, and also the decoupling effort by foreign countries and its ripple effects; they are all going to affect China's growth whether the CCP likes it or not. Unless China starts trading with the extra-terrestrials, its economy will still depend on other countries, at least for now and with the way how China treats other countries, that's not going to bode well for China.

    But do you start to sell China stocks? That's going to depend. It's going to depend on the stock and/or the company itself. Imo the stocks that are going to be affected most negatively are the stocks of companies that rely more heavily on foreign investment, technology, trade and those that indirectly benefit from foreign involvement. If those stocks are trading at very PE ratio, I would get rid of them and would be very cautious in investing in China in the near future. The new CCP congress conference that just ended has resulted in policies that take on even stronger stance against the US and the West and more anti-West politicians getting appointed to prominent leadership positions so there is going to be a lot of adjustments that we would have to make.
     
    #13     Oct 26, 2022
    Stratter likes this.