China's in a Bear Market - 9 January 2012

Chinese stocks hit a 52-week low...

CHINA'S BEAR MARKET is in full force, writes Brian Hunt for Steve Sjuggerud's Daily Wealth.

Some world-class analysts and traders say the country is a powder keg of government malinvestment...which means "bad times ahead." On the other hand, you have many "China bulls," who say the bearish arguments are overblown and overhyped.

Back in December, we ran a chart of the "Dow Industrials of China," the Shanghai Composite Index. This index tracks the performance of China's largest and most important public companies...and it had just struck a new 52-week low.

As you can see from our updated chart, the bears are still winning the China debate. This week, the Shanghai Composite slid to another new low. It's down 28% in just the past eight months. It's a bear market in China.

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Steve Sjuggerud, 09 Jan '12
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Former stock-broker, mutual-fund vice-president and hedge-fund advisor Dr. Steve Sjuggerud is the founder and editor of True Wealth. Launched in 2001 and now one of America's best-followed newsletters for private investors, True Wealth also provides free analysis and ideas in the Daily Wealth email service.

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