Property bubbles of US, Japan and China.
US: 6 years top to bottom, 37% decline.
Japan: 19 years with 47% decline.
Note that China’s bubble is bigger in size than both the US and Japan. It will take even longer than Japan to unwind.
Michael Burry increases exposure in China. He doesn’t care about the propaganda that China is un-investable.
Asia and Europe are soaring today.
True?
ML: Hold or add. Don’t sell.
Me: Yes, Sir. LFG.
Adam Khoo holds and waits to sell. No add.
Joe is undecided…
ML: BTFD China banks.
Max pessimism. Nobody interested in China stocks.
Now, many want to FOMO…
If American politics (contrary to what media propaganda, China politics is predictable) don’t get into the way, BABA is a multi-year hold for American investors. For those holding BABA in Hong Kong exchange, 100% multi-year hold.
Price target.
By end of the year: $200
By end of 2025: Test ATH i.e. $320
If true, I have left many folds $$$ on the table.
While ML is excited, TCK (Mr Tay, not Mr Keng 
) is uneasy. Btw, I didn’t put that much $$$ because of unpredictable American politics, not fear of such hype or China policies.
Newbies are confused…
Need a person who understand macro-economics…
Newbies continue to make ignorant statements…
Need a person who understand macro-economics…
.
Kris gives too much credits to investors, most of them don’t know much about anything, mostly gamblers.
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Another reminder Michael Burry is a one hit wonder. Hasn’t been right since his Big Short bet almost 20 years ago.
China seems to be trapped in deflation already. Exactly like Japan in the 90s. The weak demand problem that Pettis wrote about over the years has become mainstream knowledge.
BABA is now back to the $80s range it has been trading before all the “stimulus” that got people like Burry excited.
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Well documented reasons for Japan entering lost decade may not be correct. So expecting China to also entering lost decade is misplaced.
Weekly chart. BABA is at critical support. Live or die.
Disclosure: Bot some L26 calls to bet that it will rally from here to retest $120.
Dec 23, 2024
Gap filled. Cautiously optimistic. Need to go above $87 to have any possibility that this is a rally towards $120 and not just a gap filled.
Dec 20, 2024
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