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

To: TobagoJack who wrote (63803)	5/24/2010 7:34:14 AM
From: KyrosL	6 Recommendations Read Replies (2) \| Respond to of 219596

TJ, regardless of how you short China, the fact remains that since Chanos spoke, China stocks performed far worse than American stocks. And, as I pointed out before, all the key Chinese stocks trade many millions of shares each on American exchanges and can be shorted at will. finance.yahoo.com^GSPC Why are your bringing up Greece? Do you think that the fact I was wrong about Greece two years ago weakens my argument that Chanos was right about China now? In any case, unlike you, I am not afraid to admit when I am wrong, and I have done so about Greece a number of times. Here is, for example, what I said about Greece before the current crisis broke out, in early October 2009, when it really counted for investment purposes: <<Greece may have its Iceland moment sometime next year. When the final numbers are announced next year, the 2009 deficit will be more than 10% of GDP. The new socialist government will probably make things worse. Incredibly, Greek government debt spreads have been shrinking and are now near multi-year lows.>> Message 26010982 Now, that's advise you can make money on. When I wrote that post, Greece was not in the news, and Greek government bond CDSs were going for around 130 or so. In the next few months those CDSs increased by between five and ten times. That's a lot more than the price you fantasize gold will go to eventually in a number of years :-)