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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 7535 Location: Sunny California
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 7535 Location: Sunny California
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Posted: Thu May 10, 2007 10:35 am Post subject: |
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They already "upped" this amount $25000 or so. But apparantly redtape has kept this locked up. _________________ Today is the Tomorrow you worried about Yesterday! |
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 7642 Location: Houston, Texas & Los Angeles, California
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Posted: Thu May 10, 2007 10:08 am Post subject: |
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The best way to alleviate the bubble in the Chinese market now is to lift capital controls, and allow investors to invest in the Hong Kong market, for example.
Right now, the Chinese financial market is little developed - meaning besides putting in a savings account, or investing in real estate, gold, etc. are the only alternatives. There are no established bond market and money markets, etc. |
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dknoester Veteran Poster

Joined: 29 Jul 2005 Posts: 164 Location: Ontario
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Posted: Thu May 10, 2007 9:10 am Post subject: |
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Thursday, May 10th. - Stock Trends, Charts, and Commentary
__________________________________________________________
Important China Warning Update: What is China's Zhou Xiaochuan going to do now?
Zhou Xiaochuan is the governor of the People’s Bank of China. Like us, he knows that the Chinese stock markets
are in a bubble and he is very worried about a precipitous decline. His power on making such comments, comes
from the fact, that in the past, Chinese investors always took the Government's work as "Gospel".
In the past, all he had to do was "issue a public warning" and investors would listen to him. Now, Chinese investors
are ignoring him. He even tried sending out a wake up call by having 3 major, State run newspapers run headline
stories decreeing his warning on Tuesday. Instead of the market pulling back, it jumped up 3% in one day.
That now leaves him only one option. If they won't listen to what he says, he will have to initiate some kind of
banking/government action that will force Chinese investors to slow down.
The Worse timing in the world?
If Zhou just waits until next week, the Shanghai will hit its Major 12 year resistance and should pull back on its own.
For full article and chart:
http://www.stocktiming.com/Thursday-DailyMarketUpdate.htm
DK _________________ Be careful while stuffing your pockets not to lose your pants!! |
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