Poor china ? Poor world !
The Motley Fool has a good piece on the current state of Chinese stocks . The recommendation is to avoid small cap stocks, as they are just too hard to figure out right now. One has to explain to people who are not into stock investing that "too hard to figure" is a nice phrase of a situation in which it turns out that quite a bunch of Chinese companies have turned out as frauds. Their reports, numbers, data have turned out to be completely invented. And we are talking here about Chinese corporations that have been enlisted for trade in the U.S stock markets. and have undergone a due diligence process in which international accounting firms were involved. The conclusion, for me, as a person who has invested in several Chinese stocks, small and large cap, is clear. I'll wrap my Chinese investments, which are worth now much less than they were, put them aside and wait patiently for the time until that specific area of the stock market returns to its senses. Selling