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Contrarians say China could have a 29% rally

Posted by Richard640 @ 19:58 on July 9, 2015  

CHAPEL HILL, N.C. (MarketWatch) — Rarely are investors served up as ideal a buying opportunity as currently provided by the Chinese stock market.

That’s because the Shanghai Composite Index SHCOMP, +5.76% has fallen so much in such a short period of time: 32.1% since June 12, or 17 trading sessions. That means a prospective rally becomes an attractive contrarian bet. And even though a rebound might be only a dead-cat bounce, it still could be substantial.

Maybe you’re not comfortable buying into a market that seems destined to fall even further. Whoever said it’s easy to buy when blood is running in the streets, as that famous contrarian Nathan Rothschild once said?

http://www.marketwatch.com/story/contrarians-say-chinese-stocks-could-rally-29-in-three-months-2015-07-09?dist=tbeforebell

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.