Howard posted a nice blog about housing/China/solar. Go check it out (words famously communicated by Jack from ‘The Shining’).
I do not intend, nor care, to beat the bulls to death with a steal pipe (donned with a rubber grip). But, I will say, in all my years on Wall Street, I’ve learned to spot tops in sectors–like a space walking magician. As a matter of fact, somewhere buried within my old blog, I alluded to identifying tops in overheated sectors, which usually occurs after 7 weeks of rocketry.
Also, whatever the investment banking fuckers are peddling: beware. They always distribute the “hot” or “in” investment theme, at or damn close near the nuclear bombed out top. A bunch of homo-hammering top tickers they are.
So, now, we have a classic supply/demand situation, where the supply of bullshit Chinese stocks are outstripping the demand from retarded, soon to be broke, investors—all thanks to the “deal guys.”
During 2007, Wall Street set a record, booking 234 deals, raising more than 54 billion dollars. To put things in perspective, back in 2003, only 15 billion dollars was raised on 68 deals.
Back then, deal guys were living skinny. Now those coked out scum bags are fat slobs, shoveling Chinese shit in NYC.
My point: Wall Street is pushing China/Solar too hard. Eventually, stocks like [[JASO]], [[FSLR]], [[YGE]], [[AKNS]], [[CHL]], [[LFC]] and [[BIDU]] will get fucked up like a teenage dreamer, in a Freddy Kruger flic.
With my money, I’m betting on “the wheels of shit” to fall off the Chinese stock wagon, this year, via [[FXP]].
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