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To: hatteras who wrote (55809)9/27/2007 1:12:19 PM
From: Dale BakerRead Replies (2) | Respond to of 118717
 
Chinese stocks - repeat of the 2000 dot.com bubble. Amazing how people are rushing in less than ten years after the last time this happened.

I had my most conservative client call me today and ask why all his buddies are making money in Chinese stocks and he isn't - and this is a guy who took BIG losses in 2000 with a previous broker.



To: hatteras who wrote (55809)9/27/2007 1:12:42 PM
From: SoberRespond to of 118717
 
Maybe it is that with the constantly falling dollar and the possiblity of a recession ahead fueled further by slow retail sales in Nov, Dec, other investors have finally decided to follow the course that Dale blazed a few years ago.... move investments off shore.

Why all of a sudden? Well, the dollar index all of a sudden has broken below .80 and has possibly forced folks to take this loss of buying power of the dollar seriously.

Some are moving to metals and other commodities and some are probably swiftly moving to off shore companies.

Glenn Beck radio show talking about the dollar being replaced by some kind of new mexican/american currency... very far fetched, but that just indicates the level of skepticism that is circulating among the public.

If the so called liquidity crisis turns into a solvency crisis...that's when it would get really messy.

Hopefully these problems all go away after the election when the new party will surprise us with solutions to all the current problems... :-)

Anyway, GRRF, CLWT and CAAS are my best performing watch list China plays, with EFUT lagging a bit behind.

Sober