A New Bull For The China Market?
Justin Smyth | Jul 25, 2014 02:40AM ET
I can't count how many times I've seen headlines saying the Chinese economy was doomed over the last few years. Yet if you pull up a chart of iShares FTSE/Xinhua China 25 Index (ARCA:FXI) you simply observe a sideways bear market that is building a long term base. Eventually China is going to break out of this base when no one is looking or cares, which could be now. Most people have given up on China or are scared of it. Most people would rather talk about Facebook or social media IPOs than a new bull market in China.
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