At the start of the week I said a bounce would arrive in a few days; it came on Wednesday by close and Thursday by intraday.
This is a truly amazing analog when you consider China's massive intervention compared to the U.S.'s relatively hands off approach in the early 2000s. Two very different approaches to bursting bubbles and yet very similar performance in the first two months post peak. According to socionomic theory, the Chinese authorities are as much prone mood as the average investor. In other words, they intervene at the same moments that the mood in a free market would also "intervene" with contrarian, value and short-covering buying. Chinese authorities and average investors think "now is a good time to buy" because both are being affected by mood in a highly emotional market.
Keppel DC REIT Distributions Drop 13.7% and More Asia Real Estate Headlines
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The challenges of what was once Asia’s hottest listed trust lead today’s
roundup of real estate headlines, with Keppel DC REIT announcing a dip in
distri...
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