EPS100Momentum (71.76)

Sold some underperforming stocks and bought CALI shares & NEP (call options)

January 07, 2010 – Comments (2)

watching others as well like JST, PWRD, SINA, NTES, SOHU, HEAT, CSIQ,

Why Chinese? Simple people selling today on Chinese government raising rates are naive beginners in the market. Stocks have historically rallied much higher during rising interest rates.

Rising rates means strong economy and rising inflation which is good for earnings of stocks.

Stocks fall when rates are falling because the economy is going into a bear market.

The novice beginners always get both of these confused because they watch too much business news puppets paid for by hedge funds that are short, I just love this game they play.