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« Jim Cramer's 10 Reasons to Be a Bull | Main | Leucadia National (LUK) » November 12, 2007 How to Profit from a Crash in ChinaSome market observers think the Chinese market is a bubble. Me, I’m convinced. The Shanghai Composite has basically doubled this year, and it doubled last year as well. That’s not normal and it shouldn’t be expected to continue. In fact, the index is already down about 15% from its peak. The good news for investors is that ProShares has launched a new ETF designed to profit off China’s misery. The UltraShort FTSE/Xinhua China 25 ProShare (FXP) moves twice in the opposite direction of the Chinese stock market. The underlying index is the FTSE/Xinhua China 25 Index (FXI). Check out how that index has done:
Yep, that might be a bubble. Posted by edelfenbein at November 12, 2007 11:10 AM |
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