Well here’s quite the contrast. Below is the DIA (the Dow Industrials), which is at the highest price level in the history of the universe.
And here is China, by way of the symbol FXI, which continues to crumble and is worth HALF, yes HALF, what it was at the start of last year.
China’s economy, by the way, has blown the DOORS off our own. But, for whatever reason, their equity market stinks. Is it because Communism can’t be trusted? Because the rule of law really doesn’t apply inside China? Maybe. It’s just interesting to know that the two top dogs in the global economy have some wildly different outcomes.
