Japan…Has it Bottomed?
In this Asia Update video I consider whether Japan has bottomed, but I also check in on China’s Shanghai Composite, India’s Nifty 50 and Hong Kong’s Hang Seng index.
In this Asia Update video I consider whether Japan has bottomed, but I also check in on China’s Shanghai Composite, India’s Nifty 50 and Hong Kong’s Hang Seng index.
In this Asia update video I check in on the Shanghai Composite Index and Hong Kong’s Hang Seng Index. Activity is light this holiday shortened week for the Dragon Boat Festival.
I then evaluate JD.com (JD) which is an online direct sales company in China for electronics, home appliances and other products.
In the video below I review 4 key China stock market indices: Shanghai Composite, Shenzhen Composite, CSI 300 and the Hang Seng. I then check in on Melco Crown Entertainment (MPEL) and Kandi Technologies (KNDI).
The markets continued their push higher today with all the indices up. The DJIA was up 122 points, the SPX was up 16 and the Nasdaq up 42. Some folks are trying to compare this selloff and bottom to that of 2011, but for a wide variety of reasons I don’t think that will play out.
We are at a whole different stage of the game now. And as I discussed weeks ago, some of the indicator readings we got, were not only more severe than 2011, they were as severe as the fall of 2008. Now nothing goes down in a straight line and that is what we are now dealing with. In tonight’s Weekday Market Wrap video I look at the market action and at IBM, FB and AAPL. Continue reading
Powered by WishList Member - Membership Software