2 replies to this topic

[denleo]

FXI is up 10% today. A moderate day. It is up 100% since August bottom. Also normal. I am thinking it will make Dow 1929, Gold 1980, Nikkei 1990 and NASDAQ 2000 look like nothing. I would say it can double from here before a crash. Denleo

[NAV]

FXI is up 10% today. A moderate day. It is up 100% since August bottom. Also normal.

I am thinking it will make Dow 1929, Gold 1980, Nikkei 1990 and NASDAQ 2000 look like nothing.

I would say it can double from here before a crash.

Denleo

India was down 10% today morning and erased everything by EOD. These 8% - 10% moves are getting normal in these markets. You know how it feels with that kind of moves around the levels they are trading. You know the broader markets there are trading like high beta stocks

Can China or India double from here? Sure. Can it crash one fine morning without warning ? Sure. Place your bets and see if you end up making or losing money. That's the best test.

[MacRo]

I wish mutual funds had NAV stops, not that it's easily to set them when 10% intra-day swings are the norm. I've been very happy with Matthews China and India funds, but I agree we're talking total crapshoot if-when the day of reckoning comes.

Edited by MacRo, 17 October 2007 - 11:33 AM.