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kiy

12/03/12 12:45 AM

#4181 RE: kiy #3702

$SSEC...Shanghai
The new leadership takes over in March and based on current data, I would expect, will have to introduce some stimulus measures soon thereafter, if not even earlier. The Shanghai composite has been a laggard for quite some years and is trading below the psychologically important 2000 level for the first time since 2009 – no bullish signal. Indeed, the Shanghai composite has underperformed materially this year, once again. I certainly do not want to short China, at these levels, given a likely stimulus program is coming shortly.
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