Monday, April 14, 2008

On Monday the Shanghai Composite Index closed at 3,296, a mere 25 points above the 52-week low. It seems likely that the Index will break 3,271 very soon, possibly tonight. Coming a matter of weeks ahead of the Beijing Olympics, this cannot be considered a good omen for the Chinese people or their economy.

We advise extreme caution with Chinese stocks and reiterate our short recommendations on FXI, JRJC and BIDU.

1 comment:

Anonymous said...

Doesn't seem like anyone we hear on TV cares, but maybe you're right. We will soon find out.