China has posted consistent growth and will likely post another positive growth this year. So what does that mean for the stocks? I say the market is bubbling, if not only because of the high PE ratios and growth expectations, but also the slowing US and world economy will likely expose an over-capacity of factories and manufacturing. So it might be high time right now to gain some leverage when this giant stumbles. Caveat emptor: shorting China in the long run is foolish to the extreme, so once the bubble is popped, FXP will tank. But enjoy the ride while it lasts!
$118.72 (03/19/08)
