I know I’m crazy, but I’m buying
$Direxion Daily FTSE China Bull 3X Shares ETF(YINN.US$
I know it’s crazy, but at this point, it’s a screaming buy. I don’t blame you for saying I’m stupid or crazy for buying. But, let’s think about this realistically. China is the fastest growing economy in the world. Their version of a recession is our version of a raging rapidly expanding economy. I cannot know this and then sell this. It makes no sense. Several years down the line this thing can easily 10x. China won’t decouple itself from America because it is focused on growth and it is unwilling to give up its growth and growing middle class. Furthermoreand perhaps more importantly, we can look at companies such as alibaba, and they are SUPER UNDERVALUED. when you consider the amount of free cash flow and income they generate, and the fact that they are set to grow massively in a massively expanding economy.The public eye is scared of China, but the fundamentals in Chinese companies has not changed. We see Alibaba dow over 50%, not even off its highs, but off of its value in the past few months. But ask yourself, has their revenue, profit, or growth, gone down by 50%?! Most importantly though their fundamentals if on any US stock would warrant a massive buying rally mirroring the second coming of jesus. Ultimately, this is my riskiest but also most logical play. Wish me luck.
I know it’s crazy, but at this point, it’s a screaming buy. I don’t blame you for saying I’m stupid or crazy for buying. But, let’s think about this realistically. China is the fastest growing economy in the world. Their version of a recession is our version of a raging rapidly expanding economy. I cannot know this and then sell this. It makes no sense. Several years down the line this thing can easily 10x. China won’t decouple itself from America because it is focused on growth and it is unwilling to give up its growth and growing middle class. Furthermoreand perhaps more importantly, we can look at companies such as alibaba, and they are SUPER UNDERVALUED. when you consider the amount of free cash flow and income they generate, and the fact that they are set to grow massively in a massively expanding economy.The public eye is scared of China, but the fundamentals in Chinese companies has not changed. We see Alibaba dow over 50%, not even off its highs, but off of its value in the past few months. But ask yourself, has their revenue, profit, or growth, gone down by 50%?! Most importantly though their fundamentals if on any US stock would warrant a massive buying rally mirroring the second coming of jesus. Ultimately, this is my riskiest but also most logical play. Wish me luck.
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optimistic Goose_hb1 : Exchanging time for space
赚钱牛牛的鸭 : Wish you luck. But I think this ETF is not to keep long term because of higher management fees & few other reasons, you can read about it. This is more as a tool for hedging purpose.
SCOutdoorDad : Why would China tank it’s best companies? Why would they want the US economy to fail when they are so heavily invested in it financially? They have a vested interest in ensuring a strong Chinese economy and US economy