China: Betting Big on the Downside With CZI

Paul Goodwin submits:

The Halter USX China Index ETF (PGJ) tracks the performance of 200 or so Chinese stocks that trade as American Depositary Receipts (ADRs) on U.S. exchanges, giving us a snapshot of how China stocks are doing. The Halter made a couple of two-month advances in 2010, one in February-March and another in September-October. But much of the year was spent trading sideways.

Oil prices are rising, and investor anxiety is running high as the murderous loon in charge of Libya tries to cling to power.

Investors hate uncertainty more than anything (except, perhaps, reporting and accounting fraud) and markets have reflected their discouragement.

My approach to stock investing has a strong market-timing component, so Im advising my readers to dial back their exposure to the emerging markets.

This involves curtailing new purchases and tightening loss limits on all of the recommendations in the Cabot China & Emerging Markets Report.

As


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