In spite of being a country which exists on nothing but lies, China has been unable to fool the world into thinking they are some kind of commercial paradise. This is reflected in their dying stock market, which, in complete defiance of the trillions of dollars thrown at it by the dictatorship ruling the country, simply keeps sinking lower. It’s actually pretty damned beautifully, particularly since it conforms to what should happen beneath a right triangle top on FXI.
Individual companies are not spared, of course, including some titans as Alibaba (famously formed by Jack Ma, the owner of the world’s weirdest face). We see here that BABA is equal to its price from a decade ago. Excuse me for a moment and let me ask: just how in the hell can anyone manage, in this totally fraudulent equity market, to have a TECH company in the INTERNET space be UNCHANGED since 2014? They seriously have no clue what they are doing.
Speaking of Asian corruption, I just read that a journalist who is critical of the piece-of-crap electric car maker VinFast (VFS) was “questioned” for 4 days by the police in Vietnam. You may recall their stock, which last August was more valuable than ALL the major American car makers COMBINED, which they achieved through blatant market manipulation.
See, that’s the only thing left I love about America. I can actually write the truth without being “questioned” by the authorities. When that day comes, you’ll know the bear market is in full swing.
