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.
