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Re: thehousetres post# 8365

Sunday, 12/26/2010 10:19:15 PM

Sunday, December 26, 2010 10:19:15 PM

Post# of 34471
The link is broken but I got enough laughs from the excerpt:

The many issues of China could conspire to become the biggest train wreck waiting to happen, and potentially dwarf any little budget problems in Europe by a factor of ten."



In any case if China were to suffer a severe economic downturn then no stock would really be able to weather the storm, but with CCME at a P/E of 6, I'm not really concerned as a long term holder. I'd be much more concerned if I were short because with a P/E of 6, CCME has far more upside than downside, and the economy in China continues to strengthen which will only add to the momentum in the coming weeks/months.

Its looking like January will be a very good month.
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