cannot short shanghai index
must short individual china large cap shares
had he shorted any such individual shares with any liquidity
the result would be less than satisfactory
should have just shorted any number of shares of america
that be the material bottom line, and factually, hardly straws
more consequential outcome still ahead
so, short america and long china is the trade
short china is not only simplistic, but plain silly
of course, he could have also shorted greece, spain and italy
in all cases, shorting china is silly as well as contorted, as in intuitively unnatural
for of the pack of creatures, the weakest are obvious, and so are the strongest apparent, or should be, and imo, would be even more clear going forward
china share market can go to zero, and would hardly matter
cannot say the same for nyse
that is the difference between strength and weakness, right and wrong, relative up and comparative down
the last tick on an inconsequential trade of immaterial volume is hardly the thing to focus on, especially when on something that cannot be effectively shorted |
