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you can find plenty of information about this on the web, so i'll be short: the problem there isn't in the level of households, it's in the debt by businesses and local governments, not much different than the Japanese bubble of the 80's, and it will end rather similarly.pady wrote:I just dont understand this china property bubble. They have a surplus, they dont have any mortgage backed security issues and they are a "savers" economy. This is just scare tactics by the media.
99er: just saw your post...I guess we agree...99er wrote:Good Morning.
Reviewing some charts, I think we may have already passed the local top in equities; the DWCF chart posted earlier, with three points creating an upper channel line, hints at this possibility. Check out some of the updates which follow: I really don't see anything bullish about stocks now.
SPX http://99ercharts.blogspot.com/2011/10/spx_29.html
RUT http://99ercharts.blogspot.com/2011/10/rut_29.html
ES http://99ercharts.blogspot.com/2011/10/es_29.html
NQ http://99ercharts.blogspot.com/2011/10/nq_29.html
Have a great weekend!
99er wrote:bobo
The numbers are not Elliott Wave counts but points in a Wolfe Wave. The "1" has already scrolled by.