Thursday
Sep162010
Forget China
Thursday, September 16, 2010 at 01:37PM Talk about two divergent paths. China gets all the attention, but it's India that investors have actually been making money in this year. As shown below, India's Sensex and China's Shanghai Composite were on the same path over the first couple months of the year, but at the end of February, the indices decided to part ways. India went up while China went down.
Looking at just the last couple of weeks, the Sensex has exploded higher while the Shanghai Composite just broke below its 50-day moving average today. For the year, India is up 11.2% while China is down 20.6%.
Reader Comments (2)
Oh yeah, that's going to end well. As soon as the flight to safety begins (again) what goes up (by that much) will come down (by that much X 2).
In my linked list of stocks and ETFs to sell short for a debt deflationary bear market; I provide the chart of Tata Motors, TTM; it has been an India Stock Market leader and is appropriate for short selling.