Aug. 3 at 10:33 PM
$BABA $BIDU baba seems to be leading the pack. Baidu has more potential to be targeted by US because of how much data they have. It’s the google of China. I’m loaded to the gills with both. One day in the next decade people will be kicking themselves for not adding at these levels. China is just coming off a year (2024) when their equities were at 50-year-lows compared with emerging markets, while simultaneously emerging markets were at 50-year-lows compared to US equities. All the while, China is creeping past US as the number one economy. Plus, history tells us China is priced where bull markets typically start and US is priced where bear markets typically start.
My narrative as to why this happened is America was trying everything in their power to make China look bad / weak so they just attacked their markets relentlessly. I’m not selling either til I see 500 and I will always maintain a core position in these companies. China’s long-term planning bout to pay off big I think!
