Monday, June 15, 2015

Chinese stocks and corruption

For the US investors, we just stick with ETFs such as FXI. Most of us depend on second-hand info and we do not have time to do exhaustive research on Chinese stocks.

The anti-corruption campaign is good for China and its stock market in the long term - thanks to the Chinese president even it is for political reasons (catching the big tigers). When it came out, I advised folks to dump all gambling stocks. It worked this time. China really needs desperately an organization like SEC.

The global markets including China are dangerous from the profit/risk ratio as indicated in my book Profit from 2016 Market Crash.

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