Replies to post #24377 on China Growth Stocks

[bUrRpPPP!]

Buying opps galore!

[forzagrifo]

The increase in bank reserve requirement and the 2nd home mortgage down payment are mainly for curbing the overheated real estate market. To have all market sectors getting destroyed like this is way overreacted IMO.

[morokoy]

Or perhaps, our window into China - Google, may be closed.

[dbernet]

Fifty basis points. Not very dramatic. The $CZH AMEX index bounced of the upper Bollinger on the one year chart before the announcement. Many ECSC stocks cycling down with the short term trend IMO. Trend still is up mid term.

[CSykes]

Yeah I noticed every stock in my watch list is down today. Was wondering what was up.

[GorillaGorilla]

Tightening Loans - to be fair the information was given out yesterday & they even go as far as to say agricultural loans were still fine - however everything including agriculture has been sold off. I think one of the reaons is to lock in profits after the last few days run up.

In the end they are talking up to double digit growth this year in China. That's too high and needs to be restrained. Restraining growth is good news - no matter what the market thinks in the short term. If there's a slow down then they will relax loans again.

rich