09 November 2009
Chinese stocks acting oddly
You'd figure that a rising tide of liquidity would raise all boats esp. the ones built from balsa wood and scotch tape. But strangely all the gains today were sucked up by the heavy weight NYSE names. The lightweight Bulletin Board names actually went down. If I didn't have a throbbing tooth ache I'd try to think of a good explanation. The best I can do now is put the blame on global asset allocators who can't waste their time with the little guys. Strange.