Wednesday, September 4, 2013

September Returns

September Returns -0.72% on average
The case for Shanghai by Market Anthropology. I hate China as much as Chanos, but the market is looking like it's got some pent up demand, and risk is low here given such bear market sentiment in the emerging markets and upticks in the PMI. How you would express the China trade is another story; stockpicking is very hazardous given the frequency of frauds even with the large companies.
Rules work 65% of the times, 30% they don't work. 5% of the time the opposite of the rules work.
Australia Q2 GDP 0.6% v 0.5% expected, AUD continues to hold above 90c after yesterday's hold on rates, and USD strengthens against the EURO, with Gold holding 1400.