China Stocks Not Doing Well

Couldn’t happen to a more deserving set of folks… but I find myself wondering just “Why?”. They got just about everything they wanted. Usurper Biden as POTUS In Name Only (PotuSino). USA complacent and nearly paralyzed on the global stage. Africa theirs for the taking. Japan nearly in lockdown even with the Olympics as protests against it rage. Chaos seeded all over the world as they work to buy up assets at firesale prices, or buy up Government Political Offices at even better rates.

Yet their stock market is not looking so good. Makes a fella go “Hmmmm…..”

FXI China stocks VS SPY S&P 500 23 July 2021

FXI China stocks VS SPY S&P 500 23 July 2021

All the indicators say it’s in the toilet. Below PSAR (Periodic Stop And Release) or those little red dots. Fully inverted SMA stack (Simple Moving Average – longest duration on top lagging the decline). Volume peaked at the bottom in early 2020, calling the bottom, then was very low at the local top in Feb 2021, calling that top. Now it is dropping but without any bottoming spike in volume, so still a ways to go.

MACD (Moving Average Convergence Divergence) is “red on top” and “below zero” showing ongoing decline.

ADX / DMI is “red on top” but with the black ADX line still on the bottom says “trend to continue”. (note that in March 2020 it briefly crossed the blue line at the bottom, then in Feb 2021 it had pulled away hard from the red line indicating a top.

Yahoo Finance has a page about the tech sector (Bolding by me):

Down $831 Billion, China Tech Firm Selloff May Be Far From Over
Jeanny Yu and Abhishek Vishnoi
July 7, 2021·3 min read

(Bloomberg) — China’s technology giants have seen a combined $823 billion wiped from their market value since a February peak, with Beijing’s expanding crackdown on the sector fueling investor concern that the selloff is far from over.

Authorities on Tuesday issued a sweeping warning to the nation’s biggest companies, vowing to tighten oversight of data security and overseas listings just days after Didi Global Inc.’s contentious decision to go public in the U.S. That has put further selling pressure on China’s biggest technology names including Tencent Holdings Ltd., Alibaba Group Holding Ltd., JD.Com Inc., Baidu Inc. and Meituan.

“The selling will continue in the third quarter,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. He says he sold two thirds of his technology stock holdings, including in Tencent and Alibaba, in May. “The measures from authorities will keep coming.”

The losses have come from 10 firms including three U.S. listed names. Didi’s ADRs fell 20% stateside on Tuesday, erasing about $15 billion of its market value.

China’s sweeping warning Tuesday followed the opening of a security review by the nation’s internet regulator last week into Didi and a demand for app stores to remove it.
The move stunned investors and industry executives and has hammered the Hong Kong shares of peers such as Tencent — one of Didi’s largest backers.

Investors worry that the latest security-based probes have opened a new front in President Xi Jinping’s broader campaign against China’s internet giants
that began in November with the collapse of Ant Group Co.’s mega IPO and subsequent antitrust investigations into Alibaba and Meituan. Over the weekend, China moved against two other companies that also recently listed in New York — Full Truck Alliance Co. and Kanzhun Ltd.

Investors are likely to take “a sell first, talk later approach” to limit policy risks in their portfolio, said Justin Tang, the head of Asian research at United First Partners in Singapore. Stock prices are likely to be driven by near-term sentiment swings as opposed to company fundamentals, Jian Shi Cortesi, a Zurich-based fund manager at GAM Investment Management, wrote in an email.

The Hang Seng Tech Index is down 31% from its February high.
Investors in mainland China, who accounted for about a third of turnover in Tencent shares this year, turned net sellers of the stock in June.

Oh, right, when your “fortunes” depend on Government, you can have them turn in an instant if suddenly “out of favor with Dear Leader”… Perhaps USA based Government Teat Sucking companies ought to remember that too.

I don’t suppose a significant part of the world being PO’s at China and deciding to just not buy their stuff might have an impact… /snark;

Then there’s this:

Why New Oriental, TAL, and Other Chinese Education Stocks Crashed Today

Joe Tenebruso, The Motley Fool
Fri, July 23, 2021, 12:48 PM·1 min read

What happened
The Chinese government might tell for-profit education companies to become nonprofit organizations,
according to a report by Bloomberg. The news led to a violent industrywide sell-off.

Here’s how some of the U.S.-listed Chinese educations stocks fared on Friday:

New Oriental Education & Technology Group (NYSE:EDU) was down 58%.
TAL Education Group (NYSE:TAL) was down 70%.
Youdao (NYSE:DAO) was down 42%.
Gaotu Techedu (NYSE:GOTU) was down 62%.
17 Education & Technology Group (NASDAQ:YQ) was down 39%.
So what>b?
The potential restrictions could prevent China’s currently for-profit education companies from raising capital in the financial markets or acquiring other businesses. Regulators are also expected to intensify their scrutiny of online learning platforms, as well as place an outright ban on tutoring services during the weekends and vacations.

When the government controls and runs your business, you do not have a business. You have a concession that can evaporate as soon as Dear Leader wants to squash you.

Me? NOTHING invested in China. Not going to either. Not going to buy their products. Not interested in the products of their “USA domiciled Chinese Owned businesses either”; such as GE Appliances (not the jet engine biz though) nor Smithfield Hams nor Ingram Micro nor AMC Theaters, etc. Yes those are fully owned by China, unlike the likes of Disney that are only sucking up to China with only 2 of their 6 theme parks majority owned by China…

IMHO, couldn’t happen to a more appropriate set of folks. Get Chinese Woke, go hard broke.

Were’s my money? About 95% in Real Estate. We’ll roll some of it into new property in the next few months, but in an inflationary environment, with $Trillions of debt overhang, and more on the way, and hyperinflation nipping at the heels, well, let’s just say things with interest rates and long holding periods or things with “money risk” are not of interest.

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Posted in Economics - Trading - and Money, Stock Charts | 9 Comments

W.O.O.D. – 23 July 2021


This is another of the W.O.O.D. series of semi-regular
Weekly Occasional Open Discussions.
(i.e. if I forget and skip one, no big)

Immediate prior one here:
and remains open for threads running there (at least until the ‘several month’ auto-close of comments on stale threads).

Canonical list of old ones here:

“Stuff” Happens

I really like these guy’s “top 10 memes”. They watch what is going on on Gab and and select the ones that they like best. A nice filtering service if nothing else; but the way they match music to the theme is also good. Unfortunately, can’t do an embed that works with my free WordPress plan (it does do free EwTube embeds… but only them) so you get to “hit the link”. This week the theme is “The Revolution Will Not Be Televised” (as they present televised video memes of folks revolting against The Overlords…) It is 19 minutes of fun (if the music isn’t to your taste, you can mute it. Over 95% of the content is visual):

Do be prepared to hit pause to pick up the details. Like the lightning in #9 that is “racist” symbol, or text that looks like “ignore me login text” but isn’t ;-) Some of it is subtle and goes by fast…

Rumble — If you enjoy these videos, WatchMaga appreciates your support on Patreon, Subscribestar, or PayPal:

The occupant of the White House heightens the rhetoric against his adversaries, bringing the country one small step closer to balkanization. In a speech meant to rally opposition to laws passed by state legislatures–laws intended to make elections more secure–Joe Biden condemns much of the country as a new confederacy of ‘insurrectionists.’


Check out for all the latest MAGA news.

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Why include that long list of links and Promotional Text? To illustrate something. Look at it. What do you NOT see? That’s right. Twitter. Facebook. YouTube. All “the usual” Censorship & Oppression sites.

What do you see? Odysee, Bitchute, Rumble, Gab.

What we have here is a clear example of the Big Tech Companies being replaced, for about 1/2 the country at least, with “Alternatives”. I’m now spending about 3/4 or more of my “Video Time” NOT on EwTube (and growing). That’s ad revenue they no longer get. There’s a few things I still watch there, but shrinking daily. Even then, those guys often say something like “For the parts we left out on EwTube, see our Odysee channel”…

I have no idea if the censorship assault has actually reduced total viewing for channels. I do know that for me, I how watch Infowars MORE than before. I’d basically shunned it as I didn’t like the “shouting” aspect of Alex Jones. Then they banned it (even drove it off of the Roku where some Idaho public channel carried it). Now it’s returned at I have a link to it on both tablet and desktop. I now check it out about once a week to see what he’s banging on about. They did succeed in making it harder for a couple of months, but created a ‘regular viewer’ (if a lite one) in the process.


In essence, the “ban” was at most a bump in the road and has sorted the Censoring Sites into a smaller market. Will it matter? Only time will tell.

Starting with 10 through 8: They poke fun at the “Daily Briefings” at the White House, assert that the Vexxine Door Knockers are in fact just a way to ship funding to the election fraud organizations, point out the George Floyd Mural was destroyed by God (snicker ;-), via RayCist Lightning…, Fauci has a list of 12 and is checking it twice, and the doublespeak from the WH is exposed. Then, there’s a Big One: The White House says it is directing and coordinating the censorship. Direct violation of the 1st Amendment (and more).

At number 7 they show the Paris Protests as a sea of The French say “NON!” to Macron. Unless France uses Dominion voting systems too, I think Marine Le Pen has high odds of being elected next. Look closely at that video segment. FAR more folks maskless than wearing a mask. The French are “Done with this shit” too. I especially like the “My Body My Choice” poster ;-) Note that, while not in the video, the Police later joined the protesters… Just sayin’… Macron might want to review the history of “The French Haircut”…

At #6 they move to South Africa and how it is being destroyed as it embraced Critical Race Theory. As of now, many non-Black neighborhoods have gone to “self policing” to prevent being murdered. One Black government leader states the Blacks were to go into Indian and White neighborhoods and kill people, burn their houses down. So “Note to self: Have enough guns and ammo to stop that.” Note in particular the “Brown on Black” Indians defending their homes against a Black Mob that’s been told to go kill them. Rather like “Rooftop Koreans” being painted as “white racists”…

South Africa is an exemplar of the goal state. Hopefully there’s more folks here seeing through this crap, and early enough to stop it. Note that the major “push” organization for this mess is the ANC, a Marxist organization. Do not ever forget that Marxist Doctrine states they must destroy what is, to bring about the Marxist Communist Socialist Utopia. That there MUST be a destructive “revolution” first. That is the goal state. Does not matter if they are ANC, BLM, DNC or whatever. Method and means are already defined and agreed, globally.

By #5, we’ve moved to Cuba. I had no idea just how huge the protests there were. I also have no idea what has sparked them now. Has Cuba become even more of a hell hole than it was? A minor Dig Here! for later…

Number 4 pokes fun at the Texas Dims who got on a plane without masks (Gee, why was I harassed for 9 hours, in the airport and plane, via automated threats of NEVER being allowed to fly again if I ever was caught maskless?…) and ended up sharing Chinese Wuhan Covid around amongst themselves and the government in D.C. (District Of Criminals).

They then move on to the Election Audits for #2 & #3. Starting to look like a pretty good “roundup of the news” isn’t it? ;-)

Then, at #1, it moves on to the Peaceful Protest at the capitol 1/6. (The “insurrection” has not yet begun…) I especially like the Granny all out of yarn ;-) Biden seems “unclear on the concept” that 620,000 dead in a war lasting years is not the same as one woman murdered by a Government Employee… nor does he ‘get it’ that the Confederates “trying to reach the Capitol” in the Civil War were Democrats…

Normally at this point, I’d do a ‘review of the news’, but frankly, I think that list already pretty much covers it. Bongino report adds some bits, like the DOJ not bothering with Dim Governors nursing home murder by proxy. I probably ought to mention the Defense funding bill that just, incidentally, subjects women to the Draft:

Senate defense budget bill would require women to register for draft
By Emily JacobsJuly 23, 2021 | 10:45am | Updated

Changes to the draft, officially known as the Selective Service System, were made official in the National Defense Authorization Act, the annual military budget bill, which the Senate Armed Services Committee announced it had approved Thursday.

The NDAA “amends the Military Selective Service Act to require the registration of women for Selective Service,” a summary of the bill reads.

But hey, if anyone with a “full set” can still just decide to “identify as a woman” I guess you need that to be able to assure you don’t end up with a population 80% “identifying as a woman” during an unpopular war… so there’s that…

Breightbart does a decent job covering the South Africa Marxist civil war:

Vigilantism Grows in South Africa as Citizens Tackle Unrest Themselves

Biden Administration Conducts Its First Airstrike in Somalia


Biden Administration Conducts Its First Airstrike in Somalia
The Pentagon on Tuesday announced the first airstrike in Somalia during the Biden administration.
JOHN HAYWARD21 Jul 2021, 8:43 AM PDT9

Report: Fulani Muslim Militants Kill Ten in Attacks on Nigerian Villages
Fulani Muslim raiders killed ten people last week, including an infant, in the Christian-majority southern Kaduna State in Nigeria, the Barnabas Fund reported Monday.
THOMAS D. WILLIAMS, PH.D.20 Jul 2021, 10:01 AM PDT10

Delingpole: Boris Plays Climate Fiddle While South Africa Burns
Rioting, looting and violence have swept two South African provinces, Gauteng and KwaZulu-Natal. Dozens of people have been killed, vital infrastructure has been destroyed and the damage runs into the billions. But it’s OK: the Imperial mother country has got South Africa’s back. Behold the latest initiative from the United Kingdom’s Foreign and Commonwealth Office!
JAMES DELINGPOLE18 Jul 2021, 9:40 AM PDT145

South Africa: Mother Throws Baby to Safety from Burning High-Rise
A mother in Durban, South Africa, threw her two-year-old daughter off of a high-rise tower Tuesday in an effort to save the toddler’s life after a fire broke out in the building, Reuters reported.
GABRIELLE REYES17 Jul 2021, 10:19 AM PDT355

Financier CEO Suspended for Looting Booze and Home Appliances During South Africa Riots
The founder and chief executive officer of a wealth management fund has been suspended for allegedly taking advantage of the unrest in South Africa to loot alcoholic beverages and a washing machine, among other items.
JACK MONTGOMERY16 Jul 2021, 5:09 AM PDT58

Pictures: Vigilantism Grows in South Africa as Citizens Tackle Unrest Themselves
Armed community members and vigilante groups have stepped in to tackle unrest in South Africa, taking matters into their own hands.
BREITBART LONDON16 Jul 2021, 4:56 AM PDT607

South Africa Calling Up Reserves and Deploying 25,000 Troops as Riots and Looting Continue
he South African government is deploying some 25,000 troops and calling up reserves as riots and looting continue to rock the country, primarily in the provinces of KwaZulu-Natal and Gauteng.
JACK MONTGOMERY16 Jul 2021, 4:25 AM PDT658

Blue State Blues: Burning Books in America, Burning Cities in South Africa
The effort to ban Abigail Shrier’s book is a shocking attack on freedom in America — and the chaos of South Africa is where it leads.
JOEL B. POLLAK16 Jul 2021, 12:00 AM PDT246

South Africa: Warehouse Ransack Decimates Food Supply for 675,000
FoodForward SA (FFSA), a food supply organization that works to end hunger in South Africa, announced on Thursday it would shut down its operations in five major cities after looters cleaned out their warehouse in Durban.

BEN WHEDON15 Jul 2021, 9:32 AM PDT

My take on this is two things:

1) Africa is fully “in play”.

2) Watch South Africa for how the play book is run.

Oh, and just in case you were thinking that Big Tech was interested in STOPPING this kind of violence via censoring “hate speech”, note that they are letting that run. It’s the goal, after all… IMHO of course:

Indians Fear Attack in South Africa as Big Tech Fails to Stop Incitement
South Africans of Indian descent fear mob violence as threats escalate on social media during the ongoing violence and looting, especially in KwaZulu-Natal province, which has a large proportion of residents with roots on the Subcontinent.
JOEL B. POLLAK15 Jul 2021, 5:39 AM PDT

Then, just to round things out: The plague plagued Olympics is started in Tokyo (just in time for a Typhoon to be headed straight at it). If anyone cares anymore:

Published July 22, 2021
Last Update 12 min(s) ago

LIVE UPDATES: Tokyo 2021 Olympics’ opening ceremonies kick off the Games
Athletes from all over the world will compete in the summer Olympic games, with many COVID-19 rules in place

I’ve got zero interest in watching a bunch of Political Performative Art by folks smothered in masks without an audience. What’s the point?

If anything interesting happens AS SPORTS, I’ll catch the highlight on something where I can fast forward over the crap.

For more, see:

Trump Social Media site:

Bongino Report:

Or Whatfinger:

I’ve also gotten addicted to the Top Ten Memes of the week from WatchMAGA here:

They have interesting “bite” to them, along with a tendency to highlight the news of the week in memes, so good as a social attitude pointer too. Plus they are “way fun” ;-)

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Posted in W.O.O.D. | Tagged | 168 Comments

Friends Of Australia Friday: 22 July 2021 – Off The Road

It’s once again an Australia Time Friday! It’s FRIDAY!!!!

Back from Yet Another Marathon Road Trip, and pretty much recovered from the nearly 2 weeks of hustle and sleep deprivation, I’m ready and able to once again bless the table with Australian Goodness.

The Tucker

Once again will be doing “the usual” Loin Lamb Chops from Australia. Stood on the T-Bone fat end in a cast iron skillet in the oven at 400 F for about 25 minutes (for no-red inside, so less if you like rare).

Yes, I like these rather a lot. Yes, I’ll do some more interesting different stuff again one of these days, but right now, it’s hard to beat mini-T-Bones of lamb.

A simple salad of mixed lettuces and American Style vegetables from a bag. (That means with a tiny bit of added carrot, cabbage and radish slices mostly) with Olive Garden Italian (creamy) dressing, and a vegetable side to be named later. Maybe little roasted potatoes. I have some fingerling potatoes that are supposed to roast well, in a few colors. What can I say, it was an impulse buy… I also have a yellow zucchini to use up.. Decisions decisions.

In fact, I’m sure of it. A small handful of red, gold, and purple fingerling potatoes roasted for each plate.

I’ll be using a variation on this theme:

Bigger fingerlings will be cut in half lengthwise so all are about the same general size. I’m going to oil the spuds (not just the pan) and sprinkle over with Italian Seasoning, Salt, and Garlic mix (spouse is not fond of pepper so that I add to my plate…)

Then they will be arrayed around the lamb chops in the pan and it all roasts for 25 minutes at about 400 ish.

The Wine

Tonight will be a reprise of the Samuel Wynn “Dice with Destiny” Red Blend 2017. A deep ruby colored red that has overtones of Shiraz in it, but mellowed by “something else”. I suspect I’m not the only one to like a Shiraz / Cabernet or Shiraz / Merlot blend ;-)

In Other News

Looks like the big news du jour in Australia is that, having kept the virus out, you must continue to keep it out forever with draconian means, or just get on with it and catch up with the rest of the world. So your government looks to be choosing “Lock Down Forever!” /sarc; (I hope)

Bolding done by me:

Live breaking news: Radical NSW lockdown overhaul tipped as cases rise to record high

As case numbers remain stubborn in NSW despite the current sweeping measures to push them down, a new way forward is reportedly on the table.

Ben Graham

Today’s cases in NSW will be higher than yesterday’s record total of 124, despite the current sweeping measures to push them down – and a radical overhaul of restrictions is reportedly on the table.

The NSW Health Minister Brad Hazzard appeared on KIIS1065’s The Kyle and Jackie O Show where he was quizzed on infection numbers.

“There will be more (cases),” Mr Hazzard said. “We need people in south-west Sydney to stop moving around. We need people to understand it’s a dangerous virus.”

As case numbers remain stubborn, authorities are reportedly looking at new restrictions.

According to NSW government sources who have spoken to The Australian, southwestern Sydney could be placed into a harder lockdown while restrictions would be relaxed in communities barely affected by Covid-19.

It reports that members of the state’s crisis cabinet are turning their mind to transition plans to relieve pressure on communities largely untouched by the virus, but that formal discussions about it are likely to occur only next week.

It comes as residents of NSW are bracing for another rise in Covid cases today amid signs of continued community spread in Sydney, despite current lockdown measures.

The state recorded its highest daily case number in the current outbreak, 124 cases, yesterday. Some 48 of those were in the community for their entire infectious period.

Overnight more exposure sites have been added in Sydney’s CBD, the south-west and inner west while an alert now has been issued for the Byron Bay area where sewerage testing has found virus fragments.

Sewage Tester? Now that’s a job that must be hard to fill: “Well, yes, the duties do include wading into the sewage and collecting samples to assure they do not have a lethal virus in them. But don’t worry, you will have protective gear on, and of course you will be fully vaccinated with frequent booster shots…”

Welcome aboard the Rest Of World, guys. Once it’s got known cases in the hundreds, detected AFTER an infectious walk around has seeded it on, that Genie is out of the bottle.

So think anyone will propose prophylactic Ivermectin to quash this? Maybe even just Over The Counter Quercetin & Zinc? (shown to work by Dr. Zelenko)

If you are Down Under and facing this as it blows past supposed “defenses” of masks and “lockdowns”: Do take a bit of a look at Ivermectin and HCQ and the Quercetin / Zinc methods in the medical literature / M.D. postings on other sites.

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Posted in cooking, Food, News Related | 27 Comments

CPAC 2024 Straw Poll? Trump 70% – Pence? ZERO

In a remarkable show of lack of Self Awareness, Youtube bans CPAC video where Trump complains about Tech Censorship, suspends their account for a week.

Well, from various reports, it was a barn burner of a speech. So where can you get it? Among others, RSBN (1 hour 33 minutes):

Sunday, July 11, 2021: Join the RSBN crew LIVE from Dallas, TX with wall-to-wall coverage of CPAC 2021: America UnCanceled. President Donald Trump is expected to address the general session on Sunday.

At the 19 to 20 minute point he gets into the censorship issue. Supposedly it ramps up toward the last half hour.

Update: Well, it does ramp up toward the end, but much of the content is similar to what is in his rally speeches. So yeah, “inflammatory” to the Left, but rational to anyone else.

At 70% in the straw poll, he’s up over the last CPAC by double digits. He’s pretty much got the 2024 nomination locked in. DeSantis got a respectable 21%. That, IMHO, guarantees him the VP Slot.

Pence has ended his political career. As a Republican, at least. Best he can hope for is to retire and carp from the sidelines on CNN…

Here’s the FOX news report on it:

Published July 11 Last Update July 12
Trump easily wins CPAC 2024 GOP presidential nomination straw poll

The former president improved on his straw poll performance from CPAC Orlando in February

DALLAS – Former President Donald Trump easily won the 2024 GOP presidential nomination poll at the Conservative Political Action Conference (CPAC) gathering this weekend in Texas.

Trump, who’s repeatedly flirted with making another presidential run in 2024 to try and return to the White House, captured 70% of ballots cast in the anonymous straw poll, according to results announced by CPAC on Sunday afternoon.

That’s a boost from the 55% support he won in the hypothetical 2024 Republican primary matchup straw poll at CPAC Orlando in late February.

They have a chart of the vote.

Trump at 70%
DeSantis 21%

1% guys? Rand Paul, Nikki Haley, Ted Cruz, Tucker Carlson, Kristi Noem, Mike Pompeo

Bringing up the ZERO No Way Rear? Greg Abbott,Mike Pence, Ben Carson, Josh Hawley, Marco Rubio, Tom Cotton, Charlie Baker, John Kasich, Larry Hogan, and last on the zero list: Mitt Romney.

There’s also something that looks like “Q7 Other” at zero, but no idea what that means.

DeSantis, a first-term governor and Trump ally who soared in popularity among conservatives nationwide for his resistance to lockdowns and COVID restrictions amid the coronavirus pandemic, easily topped a second 2024 ballot question – without Trump on the hypothetical ballot.

DeSantis grabbed 68% support on that question, with former Secretary of State Mike Pompeo at 5%. Donald Trump Jr. and Sen. Ted Cruz of Texas were both at 4%, with South Dakota Gov. Kristi Noem at 3%. No one else topped 2%.

The straw poll results, along with the former president’s headliner speech on Sunday, were the most anticipated moments at the three-day gathering of conservative activists and leaders from across the country.

Tim Pool’s take on it all:

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Posted in Political Current Events | 8 Comments