Yesterday, I said trading FXI in US Market. From the following data, you can find FXI is really a heavy trading vehicle of China Market in USD time. I like trading in US market because 1. there is high volume within a day. 2. Even you are an individual investor, you are able to share some sweet. There is still room for a small investor to buy in the first minute after market open.
Not like HK market, when it is 10:00am, all the price has been pumped up, there is no room to trade as a small investor. To prove the fact, you can find the trading volume of FXI in previous days before China announce the interest rate cut.
Date Open High Low Close Volume Adj Close*
26-Nov-08 24.93 27.36 24.91 27.23 62,942,800 27.23
25-Nov-08 25.33 25.33 24.07 24.41 45,223,900 24.41
24-Nov-08 24.29 25.83 24.08 24.93 55,766,800 24.93
Around dinner time, I asked my friend to try FXI and day trade only because the next day is Thanksgiving. Better not stay over night. If placed the order on time, you will find that it is not difficult to gain 5 % a day in US market.
Of course, sometimes this guess is not 100% win, there is risk. However, I would suggest, we can bet it based on the risk tolerance level. For example, you are quite confidence with the case, half of your trading portion, if not so sure 1/4 of it or zero if you don't want to trade that night.
Comments
What is the end of this recession?
We can go to the Economic Cycle Research Institute web site (http://www.businesscycle.com/) to get some hints from the ECRI Leading and Coincident Indicators.
Businesscycle is a good web site, we can get some more encomic value indicator from it.
The recession is no end in sight......
http://www.businesscycle.com/resources/
can see the leading and coincident index
中金公司-策略研究︰09年走入盈利低谷，股市能否“脫熊”
First the Mumbai's is having 15-20% of India GDP. So the impact does not influence like US911.
Besides, India's still have a 7.6 %till Sept 2008. In short term, the financial specialist still count their impact. But according to market efficiency. The impact should be show in the market.
For Thailand, the problem is not only happened now. After the Asian crisis. The Thailand government already have better experience to manage it. Anyway, the whole world is not so good. Who care Thailand go worse further.