Thursday, July 31, 2014 11:50:02 PM
Are we at an inflection point for China vs. US stocks?
Compare charts of GXC(S&P China) with SPY(S&P 500). For the most contrast compare the 3 month and 5 year charts.
For valuations China stocks look favorable to US stocks at this time with half the valuation (and with better growth prospects?)
As for the US there is a bifurcation in the market. For example Amazon has a p/e of 488 and Citigroup has a p/e of 11. AMZN has a p/b of 14 and C is .75
End of macro analysis
Compare charts of GXC(S&P China) with SPY(S&P 500). For the most contrast compare the 3 month and 5 year charts.
For valuations China stocks look favorable to US stocks at this time with half the valuation (and with better growth prospects?)
As for the US there is a bifurcation in the market. For example Amazon has a p/e of 488 and Citigroup has a p/e of 11. AMZN has a p/b of 14 and C is .75
End of macro analysis
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