Europe is now taking over the role as strongest market. It has outperformed the world over the past 5 trading days. The European market is taking on Teflon-like qualities, even fears of an imminent Greece default doesn't make it flinch. It is ignoring the ongoing crash in Hong Kong/China.
Market darling China is now the global weakling getting sand kicked in its face. It is helpless in the face of a real estate bubble that is popping. Calling it a hard landing is funny to me. It was a bubble and no one has the guts or the brains to admit it. Inflation is not the problem over there. It is overconstruction and bloated real estate prices. Probably the biggest real estate bubble we have seen since Japan in the late 1980s. Far bigger than what you saw in the US. Jim Chanos was right. China is Dubai X 1000.
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China is one of the worst performing markets in the world the past 3 and half years. Would hardly call it a "bubble".
Calling real estate market a bubble, not the stock market.
Agree RE is a bubble but was confused about your market "darling" reference. Their equity markets have been a dog for a while
Well if you can stand to listen to the drivel on CNBC, most are still bullish on China, which is amazing considering the terrible market performance there. It is still considered a good place to invest by many, despite the bear market there.
What are you thoughts on market, bottom or range hold and rally again or do we break down?
Break down. Hard.
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