(we haven't pulled the trigger)
As the weather in China sends investors and the general population diving for cover, watch out for opportunities in the big chill.
...Sitting back until things have thawed over the Lunar New Year could be the safest course of action. But for long-term investors, if we substitute blood on the streets with 800,000 Chinese on a train platform we could have similar chaos. Anyone who was brave enough to buy during SARS in Hong Kong did very well. Many H-share commodity stocks in Hong Kong are now down a staggering 60% from their peaks -- which may yet look a bargain six months from now.*From Red Cat Journal:
One beneficiary of China’s weather crisis
Just a few weeks ago, investors seemed to believe that Bosideng was a casualty of global warming. Temperatures in December and early January were a bit higher than is seasonally normal. How things change. Now, China is facing winter weather so bad that power plants have had to shut down as coal shipments are held up and millions are stranded at train stations trying to make it home by Chinese New Year. At the Red Cat Journal, we aren’t the types to speculate in weather, but now seems an appropriate time to review Bosideng. Besides the fact that down jacket demand may get a short-term boost, here are some other things going for Bosideng:...MORE