Quote:
Originally Posted by antzcrashing
I am not trying to be deceptive. Basically all I am saying is that the price of these stocks was/is set for a china reopening now, but the reopening is going to be slower due to infections rising (people cant work nor spend) and possibly china reverting on the reopening steps.
Look at macao stocks today, they are dipping lower, people are realizing it
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Clearly it's going to be a rough couple of months as they go through the inevitable waves of infections that re-opening will create. But it's going to happen and given slowing demand for China's products (particularly electronics) the disruptions in the West will likely be minimial. The government has pledged massive support to get the economy moving again, and we're likely to see something of a boom in activity as they climb out of their self-induced zero-COVID hole. It won't be the $1.5 Trillion-fueled one that we saw, but it will be significant.
KWEB, WYNN, others all bouncing around a bit, but they have run up about 30% in the last couple of months in anticipation of improving conditionis there. I expect that'll continue, especially after Lunar NY in mid-Jan.