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saltvine_00

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saltvine_00

Re: GorillaGorilla post# 116

Wednesday, 04/14/2010 1:20:13 PM

Wednesday, April 14, 2010 1:20:13 PM

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The scare of a housing bubble probably is keeping this stock down. It even makes me second guess it. links like this don't help: http://www.beersteak.com/breaking-news/ordos-china-empty-city/

however I think even even mortgages on 2nd homes have to be 40% paid down. Chinese are using the housing as a way to save, instead of investing in financial markets which are not well developed yet.

Things probably will cool down, and hopefully will not collapse. In which case china ceramics will do just fine.

any thoughts?
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