Another Sign Of China Crisis

Chinese Food for Thought ($FXI)

The second wave of the financial tsunami is upon us as China ($FXI) shows the most weakness since the March 2009 bottom. I have come to this conclusion by way of three observations, all of which are entirely anecdotal but bear semblance to significant omens.

One, the intelligent progeny of a Goldman/Citadel alum told me that he wants to short China due to its leverage and over production .
Two, like the proverbial shoeshine boy, a friend expressed her excitement to yours truly, “I have a friend who invested in China, and he looks like a cat that just drank a bowl of cream…”
Three, the primary uptrend that began in March of 2009 has been broken.

The picture in China is getting ugly, firing the $FXP bazooka is in order.

 C. Amadeus