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Wednesday, July 08, 2015

Chinese Shanghai Stock Market Sell-off Perspective

From my July 8, 2015 (today) article "Chinese Stocks Down Over 30%. Is It Time To Buy?"
  • The Shanghai Stock Exchange Composite (SSEC) Index is down 32% from its 2015 peak.
  • Past Sell-offs of the SSEC Index were as high as 80%.
  • Mike Holland thinks many of the stocks in the index are still at bubble valuations.
  • The Chinese stock market is down over 30% from its very recent peak. I like to buy things when they are on sale, especially stocks. Following 18th century British nobleman Baron Rothschild, I try to "Buy when there's blood in the streets, even if the blood is your own." Is blood running in the streets of China or is this just a flesh wound?

Long Term Results that Speak for Themselves
Since 9/30/98 inception, "Kirk's Newsletter Explore Portfolio" is UP 571%
vs. the DJIA UP only 119%, S&P500 UP only 169% and NASDAQ UP only 194% 
Since 12/31/98: 9.2% Compound Annual Return vs. 5.1% for the S&P500 with dividends reinvested (All through 6/30/15)
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