Thanks for the thoughts on CHL. Tough for me to buy even a good stock in a questionable – however temporary – environment (Chinese market – FXI @ 45 = <10% pullback from hi; 34-48 past yr). Will wait for signs of stability. China is opaque so never sure about real macro dangers that lay ahead. With a centrally managed economy, the govt has more power to control not only the economic data but manipulate the economy itself. Tough to know when things are really in bad shape.
December 8th, 2017 at 12:28 pm
Phil,
Thanks for the thoughts on CHL. Tough for me to buy even a good stock in a questionable – however temporary – environment (Chinese market – FXI @ 45 = <10% pullback from hi; 34-48 past yr). Will wait for signs of stability. China is opaque so never sure about real macro dangers that lay ahead. With a centrally managed economy, the govt has more power to control not only the economic data but manipulate the economy itself. Tough to know when things are really in bad shape.