Chinese bear market !- did I hear right ?

The Nifty remained fairly volatile enough for intraday traders to earn money (obviously those who trade scientifically, like our participants). Keep an eye on 5145 Nifty in intraday tomorrow!

TODAY, instead of the levels and targets and stops, lets talk about the Financial Markets from a different perspective.

Bloomberg is 'shouting' of the onset of the Chinese Bear Market. In fact from the time I read it I was both amused and confused !

Think of it. The world's fastest growing economy , on which depends the world's growth rate, the world's metals market and the world's hope - is in a bear market. And the WEST (US and Europe) - which actually took / pushed everyone into a recession, are seeing unprecedented rallies and 52 week highs !!!!!

Can any fundamental analyst please stand up and explain this ?



It seems everything is 'relative' and Einstein's theory seems to be working better in the financial markets. Whether we can say this is 'Market Behaviour' or a WEST-led scandal, is still not clear.

But the next thought that appeared on my mind was - what will happen to the world's second fastest growing economy ? Will it have the same fate as the fastest one or is it destined to something else?

Inflation and high property prices are China's concern. Oh, but then, aren't these also India's concern?

Its surely a strange world we live in.... and as I indicated in Investogyan's current month newsletter- "Warren Buffet and Peter Lynch may thank their stars that they were not born in the last 20 years"!!

Happy observing !

CA Rajiv D Khatlawala
www.investogyan.com