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Friday, March 29, 2024

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  1. 8800

    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. 



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