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Another Warning Sign
Our previous warning of a likely top in the i-Shares MSCI Emerging Market Index Fund (symbol: EEM) remains intact. Now we can add i-Shares FTSE China 25 (symbol: FXI) to our warning list.
Figure 1 is a weekly chart of the FXI. The bright red dots are key
pivot points (or the best areas of support and resistance). Last week
saw a weekly close below the most recent key pivot point at 42.01. This
is bearish. Support is now resistance. It should also be noted that
prices gapped below the key pivot point, which is never a good sign.
Figure 1. FXI/ weekly
Hmmmm, likely tops in EEM and FXI — emerging markets and China —
everybody’s favorite theme. Looks like Mr. Market is up to its old
tricks of hurting the most participants.
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Individual investors and pensions are "all-in" on Chinese and Asian growth markets; just as they top and get ready to crash to reality. Can you say "NFLX" or "AAPL" ? How about Netscape or MySpace? How about "Enron" or "Fannie Mae/Freddie Mac?". Mac'n Cheese?
Just to establish context:
IQ Scores & RatingsWhat is a good IQ score? What is a high IQ score? What is a low IQ score? These are common questions, particularly after someone finds out their score from an IQ test.
Lewis Terman (1916) developed the original notion of IQ and proposed this scale for classifying IQ scores:
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High IQ & Genius IQ Genius IQ is generally considered to begin around 140 to 145, representing ~.25% of the population (1 in 400). Here's a rough guide:Over 140 - Genius or near genius
120 - 140 - Very superior intelligence
110 - 119 - Superior intelligence
90 - 109 - Normal or average intelligence
80 - 89 - Dullness
70 - 79 - Borderline deficiency
Under 70 - Definite feeble-mindedness
Measuring IQ is about the most retarded^h^h^h^h^h feeble minded statistic ever. Period.
I assure you that I am no higher in IQ than generic "genius."
Brilliant!!!
To keep everything in perspective, we must also mention that the difference between a genious and a madman is::::::::::::::
2 IQ points!
I am short the DJIA from 12,700; as I posted on here the day I put the futures contract on. Also, long Dec. Silver from 33.75, which I also posted on the day I put that contract on. Personally, I don't have any use for this chart or this post; I like to sell tops when I see a market is not making any new significant highs; and of course, I like to buy dips in bull markets; which are thoughtfully provided for us by the Comex, in the case of Silver. I try to keep it very simple. Zero loss stop on the Silver; stop loss $3000 on the DJIA; no "targets"; I refuse to have targets. I'll let the market surprise me.
You must be some sort of genius.
Life really is a "bell curve" and we better well get damned used to it. Most of us are in the middle and business and the government better figure out how to make compensation for the 95% of us below the top 5% more equitable. Everyone from the middle to the right side of the curve better be comfortable to extremely comfortable. The left side all the way to the bottom better have at least the minimum needed for Life, Liberty and the means to pursue the right side of the earnings curve! Otherwise we are talking about a lot of people with guns who will have no problem screaming, "Off with their heads!!!"
+357 magnum
Makes no sense why these assholes in China keep building ghost towns and deplete non renewable resources in the process. It's been done before by other state run economies and will end in tears, again. But the scale is unmatched. Whatever the history of China was doesn't matter what China will be capable of doing when their shit hits the fan as it will. When they crash and it becomes a dog eat dog shit type economy, the only way out is massive war with mass casualties, land grab, imperialism, work-for-food programs, labor camps, concentration camps and so on and so forth.
There's nothing bullish about China's boom and fake growth sustained only by fake government run building programs.
Doesn't take a rocket scientist to figure out how this is going to end.
they r taking over the world selling us plastic shit and iphones.
that builds a few spare skyscrapers man, dont be short china yet.
Thanks ...more confirmation from MSCI analysis.
China is building over Ten Ghost Cities a year...will We The People be able to afford to rent these apartments that sell for over $100,000? and those are in the middle of nowhere....the central city apartments are well up near a Million I read.
GL! to them....hope their RE Bust is not as painful as our long decade of misery from the Housing Bubble.
What does this mean? The African dictator is exporting inflation to China?