Comments on: Lower Chinese PMI: Canary in the coalmine? http://www.investmentpostcards.com/2010/03/02/lower-chinese-pmi-canary-in-the-coalmine/ Prieur du Plessis’s international investment blog Sun, 29 Jan 2012 22:06:48 +0000 hourly 1 http://wordpress.org/?v=3.1.1 By: Todd Endershttp://www.investmentpostcards.com/2010/03/02/lower-chinese-pmi-canary-in-the-coalmine/comment-page-1/#comment-24865 Todd Enders Tue, 02 Mar 2010 16:20:05 +0000 http://www.investmentpostcards.com/?p=17213#comment-24865 China has driven this reduction, on purpose, and we're hearing a lot of consensus fear, with a bunch of managers emailing around a 2-year-old video of an empty Chinese city. Hearing Rogoff (whom we respect) saying that 2% growth is a possibility is probably an indicator of peak consensus fear-mongering.My team has a lot more respect for the market than this, and we covered our CAF short position during Lunar New Year week, and are watching closely on an entry point on the long side of China equities.www.hedgeye.com China has driven this reduction, on purpose, and we’re hearing a lot of consensus fear, with a bunch of managers emailing around a 2-year-old video of an empty Chinese city. Hearing Rogoff (whom we respect) saying that 2% growth is a possibility is probably an indicator of peak consensus fear-mongering.

My team has a lot more respect for the market than this, and we covered our CAF short position during Lunar New Year week, and are watching closely on an entry point on the long side of China equities.

http://www.hedgeye.com

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