Clandestine Indian Bull Market

Clandestine Indian Bull Market

I’m embarrassed and quite disappointed in myself to have admit this, but I completely dropped the ball on India this year. Indian stocks have experienced a clandestine bull market this year, with the Sensex up an incredible +17% vs. ~+3.5%…...

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Performance Update for all Chinese Company-Specific Ideas Dating Back to June/July 2013 "SSEC at a Major Low" Call

Performance Update for all Chinese Company-Specific Ideas Dating Back to June/July 2013 “SSEC at a Major Low” Call

I’ll do with all our Chinese single-stock ideas dating back to my late June / early July 2013 call that the region’s equities were at a major low (even as Barron’s was calling for a crash), what I also did…...

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In the Face of "EM Crisis" Calls, Shenzhen Index to Rally an Additional 20%-35% in 2014

In the Face of “EM Crisis” Calls, Shenzhen Index to Rally an Additional 20%-35% in 2014

Two weeks ago there was a two day period in which, yet again, the world was ending and there was an imminent EM crisis on the horizon.  Apparently, two days of VOL is all it takes to signal the “EM…...

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Past Six Years of Chinese Malaise Nearly Unprecedented

Past Six Years of Chinese Malaise Nearly Unprecedented

We made a highly out of consensus call on 7/2/13 suggesting Chinese equities were at a major low.  This call  was concurrent with Barron’s front page story calling for a renewed credit crisis in the country. That call proved incredibly…...

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China Analog Update

China Analog Update

Wanted to provide a quick update on our previously cited China analog, which builds off the original logic about the region being at a major cyclical low first postulated in early July of this year here. There sure has been…...

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"Analysts Wary as Reform Euphoria Sweeps China Markets"

“Analysts Wary as Reform Euphoria Sweeps China Markets”

So goes the title of an article at the FT.com today regarding the massive overnight rally in Chinese equities that sent the SSEC and Shenzhen indices up ~287 and 218 bps, respectively. I absolutely love seeing items like this –…...

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China Analog Update

China Analog Update

We called for a major bottom in Chinese equities in early July, concurrent with Barron’s call for a renewed credit crisis in the region. Our call was simple and objective – at the time > 80% of the SSEC’s trailing…...

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China Single-Stock Long Opportunities Update

China Single-Stock Long Opportunities Update

CJJD, one of the 12 names from our chart dump 10 days ago, is now in the +90% club with today’s gains. Just wanted to show those who care a quick snapshot of what all 12 stocks from that chart…...

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Framework for Assessing Progress of Late June's Pivot Low in Chinese Equities

Framework for Assessing Progress of Late June’s Pivot Low in Chinese Equities

On 7/2 we had a post suggesting Chinese equities, in contrast to Barron’s call for a renewed crash/credit crisis, were likely nearing a major low. That call was based on a very simple (and thus elegant) analysis that showed the…...

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Is an 85%, Single-Week Gain Good Enough?

Is an 85%, Single-Week Gain Good Enough?

We originally laid out on 7/2, or immediately after Barron’s 6/24 front page article calling for a crash/renewed credit crisis in the country, a bullish post on China. In that post we highlighted the fact that the SSEC’s price action over…...

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