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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (215359)	8/12/2009 12:38:14 PM
From: LTK007	Respond to of 306849

Swenlin,said seriously,but with Bitter Scorn, post the H&S breakdown massive headfake(7/13) and that short's ball crushing day, to disregard all FA, totally,and accept the reality the bulls are lathered ,and Swenlin went so far to say he sees no end to it until 1200/1250 SPX area( i am tentatively 1100,area). i also relate that Swenlin says he has never witnessed such blatant manipulation of the market as we have had in this present era, this now MACHINES rule Great Squiddy's Mastery of the LOL!"The Free Market,The Good"--o my , fanatic idealogs of all kinds,it seems, will be skewered on the spike of their MINDSET, whatever that be. Max

To: ChanceIs who wrote (215359)	8/12/2009 3:00:58 PM
From: Perspective	Read Replies (1) \| Respond to of 306849

Thanks. Yes, I'm eying that 80% surge in emerging markets as well. That doesn't rest really well with me given the tremendous shift in global prospects, particularly in commodities and consumer goods. While it seems like our markets went straight up, straight down, and straight back up again, it's as though China has been pinned to a ruler. They've had simply insane liquidity pumps over there which are now ending. When that trendline breaks down, I think it will issue a clear warning for global risk tendencies. I doubt that it fails on this particular test - it would be too early and too easy to fail at the first announcement of liquidity drain, but as always it is up to market prices to speak for themselves. `BC

To: ChanceIs who wrote (215359)	8/12/2009 6:53:28 PM
From: Perspective	Read Replies (2) \| Respond to of 306849

More stuff on China's re-bubble. A little dated, but worth considering. Yahoo - how to profit off China: finance.yahoo.com China State Construction IPO (July 29th) was just stupidly oversubscribed, and Sichuan Expressway triples on IPO. Of course, this stuff can continue for a long, long time before it ends: chinastockdigestblog.com It’s official. Shanghai has clinched its place as the world’s hottest stock market, jumping an astonishing 100% from its low last year. The demand for new equities in China was underscored today with another blazing IPO. Sichuan Expressway Co. tripled on its first day of trading as an economic rebound spurs demand for equities. Toll-road operator Sichuan Expressway’s 204 percent gain is China’s biggest debut rally since March 2008. Investors bid for more than 30 times the number of shares offered, according to the Shanghai Stock Exchange. Initial public offerings have become a rarity on world stock markets since the global financial crisis hit. Successful IPOs are even less common. The exception is China which recently lifted a freeze on IPOs with world-beating results. China State Construction Engineering Corp. starts trading in Shanghai on July 29 after drawing $270 billion worth of orders. That’s more than the market capitalization of Norway, Russia and at least 48 other nations. The company raised $7.34 billion in what then had been the world’s biggest initial public offering in 16 months. The State Construction IPO was the fifth since China ended a nine-month moratorium on sales in June. It is the biggest worldwide since Visa raised more than $19 billion back in March of 2008. Chinese investors are rushing to buy stocks as Beijing’s enormous stimulus plan and unprecedented bank lending continue to revive the world’s third-largest economy. Almost half a million stock accounts were opened in the week to July 17, according to Bloomberg, the largest number of new accounts since the Shanghai market was hit by the world financial crisis a year and a half ago. The Shanghai Composite index, which doubled in 2006 and 2007, remains 2,657.4 points below its peak of October 2007. Although foreigners cannot buy shares in Shanghai directly they can participate in the Chinese stock boom through various mutual funds, but we at the China Stock Digest continue to warn against doing so. For instance, Sichuan Expressway surged in Shanghai to close, more than three times the price of its Hong Kong-listed stock. Gains on the Shanghai Composite Index have made Chinese stocks the most expensive based on PE multiples since January 2008, according to Bloomberg data. Shares in the index now trade at 37.1 times earnings, triple November’s low. The IPO values State Construction rose to 51.3 times earnings. These valuations are dangerously high and the Shanghai Index continues to hit new post-crisis highs almost daily. Clearly state stimulus funding and a flood of bank lending have sparked something of an investor frenzy in Shanghai. To old China hands, the stock market is starting to feel alarmingly like the bubble conditions which preceded the Shanghai bust of 2007-2008. We feel there is no prudent reason to get involved in a potential bubble in Shanghai when Chinese equities are available at a fraction of the price in Hong Kong and New York. The China Stock Digest model profile is now fully invested in what we consider the best growth companies available to western investors. Subscribers are reporting profits well above domestic indexes without the needless risk of using various funds to participate directly in Shanghai’s world-beating boom. `BC