Yhgg is getting destroyed also. Stated otherwise, american retail investors own cgs stocks, institutions do not and will not touch them with a ten foot pole. We all know this by now. and instititions control what, 90% of general equities, so if that money is not coming into this sector, we are left with retail investors and profession shorts who have quadrupled their portfolios, or more than than in many cases, whereas retail investors are having their legs cut off them as investors, as real estate owners, and as workers, so they are not going to commit $$ to this sector with such horrible reputation; indeed, they will be forced to pull money incrasingly from these chgs stocks, for company specific, and much more importantly, for personal reasons.......hmmmmmmm, my house is burning down, slowly but surely, here is what I will do, I think I will put my dwindling net worth into Chinese growth stocks. NOT !
Here is a depressing thought, not only do severe bear markets result in PE's of 1 or 2, FOR THE SUCCESSFUL COMPANIES, which sounds incredible, these severe bears can last FOREVER. Forever it seems. Witness the gold miners, who went into a bear in 1980, with most losing 80 to 95% of their values off the highs (the successful survivors). As to cgs sector, what in anybody's idea will change this for the forseeaable future? Yhgg, "they say," is trading below book value, and this is probably probable, but in a sector dreaded by funds like the plague, it can go to obscenely low prices....and remember, the institutions are having their own dicey problems with shrinking ports as the S and P slowing but surely but steadily goes down. I remember 1980 and that was a bear bottom and stock brokers could not afford a drink in a bar, just as real estate brokers are now experiencing. Ask a few, their market is becoming like one of those old western bust towns, utterly vacant, after the railroads left their mania and that depression ensued. The larger marco problems are in the backround for SIAF, but they are pushing the price and this sector way down, with the noisy and opportunistic professional shorts simply taking advantage or the silliness of the cgs paradigm: americans investing in china in tiny companies with no legal or cultural accountability or really, no access to management whatsoever.....duh!
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