Shenzhen Composite Index – Buy on Dips ?

screenshot_Sat_Jul_04_16.09.41Source:Bloomberg

I don't think so. When the market goes up over 100% in just over 5months you know someone is going to get hurt. Down over 30% since the June high I know I am sitting on the sideline of that one. Meanwhile the PBOC continue to loosen monetary policy to keep the economy moving ahead. The old adage of what goes up must come down should not be forgotten even in China.

Posted in Equities.

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