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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (17916)2/5/2024 2:15:23 PM
From: Sun Tzu  Respond to of 26806
 
Xi is the worst thing that happened to China since Mao.

The Chinese authorities want to have their cake and eat it too. It's not going to happen. I wrote an article about it over the weekend.

However, they've begun to strongly support their stock market. This is a band aid solution that will only buy them time. If they use the time wisely, they will be ok. Otherwise the down draft will resume and HSI could end up with 12k handle.

I think BABA reports tomorrow night.