China Unlimited

[RealDutch]

RD, what is your analysis about what is happening Shenzhen?
There is, of course, small market cap companies listed there but I read that they halted >700 stocks today.

I read that 23% of all stocks have been halted although I don't remember which exchange. The bubble popped and now everyone is panicking. That's my take.

Could this be a "start" of a more widespread correction and do you feel any better about your puts these days smile?

I feel better about my puts because the S&P500 has lost some support it seems. It may go down together with the Euro. Either way, I always end up going back to basics. Meaning, my puts are insurance against a market crash however likely or unlikely.

Do you still believe in an grexit? Don't you think that could be the final blow to the Euro, tying to compete with the USD and in not that distant future the RMB?

The Euro behaves in strange ways. I think the market is still trying to figure out the bad/worst scenario. It could very well be that giving more money to Greece is the worst scenario for the Euro.

A Grexit, probably. But nothing surprises me these days. The ECB is not allowed to restructure debt, because it's the same thing as financing specific countries. So I'm not sure how they plan to do this.

As for SIAF, I guess we are waiting for some news. This is as unpredictable as the rest.