Get Markets Right

China – Reorganizing the car industry

Hang Seng (13.447)  Shanghai B (152,00)  USD/CNY (6,8330)

This week the market will chew on the old data once more and focus on different rumours about old or coming numbers.

The domestic sentiment is still positive and will trade higher. Hang Seng is very bid due to the large component of real estate and banks, so up as well, following the world.

A currently battled sector might be worth to have a look at.

If you believe that car producers will belong in the future equity portfolio (it will in mine portfolio), then the Chinese government has decided how the Chinese controlled car industry will be shaped in the future. The interesting plan was published 20th March.

According…

Below you will find my weekly view on the very challenging financial markets.

Read more about all the interesting happenings in the financial markets in the 4 entries here below. I hope you find it interesting to read my private view about the consequences for the stock markets, currencies, China and what to expect from the central banks.

The 4 entries from today are:

Currency markets – Feels like waiting for the next hurricane.

Equities – The bulls are having a party

China – Still joining the bull party

Central bank rates – One cut more from ECB in April and we are there.

Equities – The bulls are having a party

Nikkei 225 (7.949)  Topix (760)  Dax (3.988)  FTSE 100 (3.864) Dow Jones (7.217)  S&P 500 (753) Nasdaq Comp (1.404)  

Do doubt that the current environment is positive – is it a trend turnaround or a bear market rally? The rational answer is, that it is a bear market rally because there is still no rational reason for rising stock markets. The major problem with my opinion is that the market many times isn’t particularly rational. In addition I acknowledge that this rebound has been more forceful and more substantial than prior.

I actually spend the weekend reading some bull articles and research to test my bearish view. For the frequent reader it won’t…

China – Still joining the bull party

Hang Seng (13.031)  Shanghai B (144,00)  USD/CNY (6,8340)

The economic numbers from China are mixed. Domestic car sales went up but import and export dropped further in February. What is more mixed are the different economists views on the economic data.  It seems that each economist uses the arguments that fits to the personal view, and these are in all directions. It also shows how devoted the market is.

We will need more data to get a clear idea about the next move in domestic equities. The global positive sentiment should spill over on the Chinese stock market during the week keeping the bulls happy.

Some interesting information always come out. Friday, People’s Bank of China and…

Below you will find my weekly view on the very challenging financial markets.

The week has been extremly busy and then I caused some technical problems – all in all it gave some days delay with I apologise for. Probably also causing some text problems this week, not always so easy J

Read more about all the interesting happenings in the financial markets in the 4 entries here below. I hope you find it interesting to read my private view about the consequences for the stock markets, currencies, China and what to expect from the central banks.

The 4 entries from today are:

Currency markets – The Greenback is the key again

Equities – Realistic risk conversations would help the market.

China – Wen…

Equities – The storm reaches new highs but the ship has less and less water under the keel.

Nikkei 225 (7.376) Topix (722) Dax (3.923) FTSE 100 (3.697) Dow Jones (6.926) S&P 500 (720)

Nasdaq Comp (1.358)

Despite some relief these days, the big picture is still “serious storm”.

The target in S&P 500 at 656 was nearly reached at an intraday low of 666 Monday this week. The sell off

during the last 2 weeks might have been too fast, but I take it as a clear sign of a sentiment change among

some investors. Occasionally I have mentioned, that buying stocks since January would be a bet on an early

ending of the global economic crisis.

It’s getting clear for many people that 2009 unfortunately…

China – Expectations beats reality

Hang Seng (11.931) Shanghai B (140,00) USD/CNY (6,8350)

Last week the yearly National People’s Congress (NPC) took place. Broadly covered by many news

agencies, but I of course highlight what I think is interesting for the market. Primarily the comments made in

connection with the NPC.

To be very honest, the congress didn’t bring much new apart from macro economic pep talk. That the

Communist Party didn’t had much new to offer probably was the biggest surprise for many domestic

investors.

Just one thing should be noted. The Director for the National Development and Reform Commission Mr.

Zhang Ping announced that the large 4 trillion Yuan stimulus package will be adjusted. Infrastructure

investments will be cut by 300 billion Yuan. Technology projects get an…

Below you will find my weekly view on the very challenging financial markets.

Read more about all the interesting happenings in the financial markets in the 4 entries here below. I hope you find it interesting to read my private view about the consequences for the stock markets, currencies, China and what to expect from the central banks.

The 4 entries from today are:

Currency markets – The Greenback is the key again

Equities – Realistic risk conversations would help the market.

China – Wen thinks its ok, or does he?

Central bank rates – they give it another try at ECB……

Equities – Realistic risk conversations would help the market.

Nikkei 225 (7.280)  Topix (735)  Dax (3.719)  FTSE 100 (3.665) Dow Jones (7.063)  S&P 500 (735) Nasdaq Comp (1.378)  

How to start the equity comments this week…..The DAX target at 3.906 was reached. It’s just to follow up on the targets and not to flag that I was lucky to be right. The new target is by the way 3.075.

Back in October/November last year when I calculated the next and lower target for S & P to be at 656, the world was different despite the steep sell off at that time as well. At that time I used the total expected earning for S & P 500 for 2009, a…

China – Wen thinks its ok, or does he?

Hang Seng (13.437)  Shanghai B (148,50)  USD/CNY (6,8340)

Chinese stocks went lower last week. I say it makes sense because equities only went up each time a new part of the stimulus plan was released. The bulls will say that the China mainland economy has seen the worst, and therefore one of course needs to be long China mainland stocks. To be honest it’s not an easy call, but you know my standing. I see the recovery in the stock market as premature and too early, but there is a lot of information to elaborate.

During this weekend the Chinese Premier Wen Jiabao was on the first ever on-line chat with the public.…