UPDATE ON THE STOCK MARKET . Witten Friday, June 20th, 2008: 6:30 a.m. Looked to me like yesterday’s stock market rally was a knee-jerk reaction to China announcing it was going to raise oil prices by 17%. Crude dove on the news while stocks jumped. But if one thinks it through, is China raising...
SCHWARTZ BUY RECOMMENDATION this morning. Yes, with China (domestically) down -50% off its peak and the related Chinese region indices down slightly less but now showing some signs of a bottom and turn around, I’d suggest that its time to put some sidelined money back to work in ASIA (during this beginning...
Boy, during China’s recent sharp pullback of -29% off its October 16 th , 2007 top, investors have been anxiously waiting to jump back on board. Even well known, long term investor Jim Rogers, who’s very bearish on America now, has started saying he’s looking to buy more shares in China after this dip...