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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (33555)	4/21/2008 1:16:13 PM
From: Elroy Jetson	Read Replies (4) \| Respond to of 217656

The U.S. economy is almost certainly already in a recession, and it will be long and hard. This will decouple secondary economies like Brazil from prosperity. But what about China? Speaking of China, did you know the Shanghai index is off 50% since October, 34% in the first quarter (which was the worst ever) and 11% last week (the worst in over a decade)? There should be an Olympic sprint higher, at a point, which can be gamed with—and only with—defined risk. The weekend WSJ spoke about Qui Jiaxinnnn, the 27-year old school administrator, who bought 100,000 Yuan ($14,000) of Shanghai-listed Western Mining Co. in August after the stock more than doubled to 60 Yuan/share? With the stock now trading in the low 20’s, he delayed home renovation and pushed his wedding plans to 2009. The Shanghai resident isn’t selling, however, “It’s not a small amount of money—it’s a big loss to us. If we don’t sell, it’s only a paper loss.” Does that sound familiar to anyone else? .