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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (4026)6/6/2001 4:35:54 PM
From: hobo  Read Replies (1) of 33421
 
Thanks for your response John and agree with your comments.

I was in Shangai and Huangshan (spl) about 4 or 5 years ago and noticed the intense entrepreneurial spirit amongst the young people of China.

True that you can also feel the absolute power the government has, in my eyes, quite corrupt as well. Almost blatant. To a degree, one could say that almost anything is possible provided the wheels have been properly greased.

The money flow issue while the government would be perfectly capable of doing so, it could backfire on them. In fact I am surprised they have not lifted the barrier between the so called "A" and "B" shares of companies, then again, it seems like it is a private club for "insiders" (since I seriously doubt that your average Chinese worker has a portfolio of a few shares in said "A" club).

Perhaps the "safer" way to invest in China would be via ADR's (although I would also have to consider the currency risk involved, since if the shares appreciate say 100 % yet there is a 30 % devaluation... your return would not be as attractive as originally thought.) I guess is a matter of risk tolerance and risk/reward considerations.

As for the market "wisdom" the fact that historically the market seems to predict movements correctly... should I assume that having a somewhat psychotic behavior would give me a certain edge in investment decisions over those who take a more rational approach to the subject... -gg-

I have scheduled an appointment to the local funny-farm for a portfolio review
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