Caixin/Markit, a private survey done without government “help”, revealed that China’s economy is effectively in ruins, at 6 year lows. This, of course, ties in pretty nicely with the cataclysmic events that have harangued commodity related stocks over the past quarter.
Without China, commodity producers are like dicks without balls.
On that news, because we live in bizarro land, futures are flying, alongside Asian indices.
anticipating another QE…
time to buy material.
A survey cannot be done without government help in China, because the government controls so much & hides so much, and only they know what’s there. Not to say that the surveys done with government “help” are accurate either.
Either way, we outsiders really have no way of knowing WTF is really going on in China.
Maybe the market is enjoying Putin’s bombing ISIS?
Actually the Mainland China Markets are closed tonight and will be on VaCa for Golden Week, which last longer then a week, lol. The PMI data was .1 higher then the earlier FLASH data. The Official Govt PMI also came out which was a tad higher vs last month. China Sucks, my Shanghai Copper Bubble that I have been watching since 2009 popped. Now I must continue to wait for the ugly mess to make it to the USA…imho Bubbles suck.
how are you positioned for this mess? what are your key positions?
Just holding Cash at this point. Since SPX broke over 1755ish it has been all rather silly.
that makes you a voyeur not an investor
Right along with USDJPY
Those jappys are so desperate to get their index back
12631 Gentlemen of excellence are long the $YINN tonight. Let the penny an hour iphone slaves starve in the streets. Stocks love the suffering of the masses.
Neeeeeed moarrrrrrr Calgonnnnnn…