[sgbuffett]

US side is quite firm it’s falling, u may not need to focus so much. Strangely yr focus seem to be on market u r not vested, ignore the HK market losses u put $ in? U must really consider cut n get out of HK before no bones left

My thinking is this.

1. HK market now at valuations same as AFC and GFC. It is at historic low valuation. Whereas US is at 5yr average valuation only.

2. From March to July, The HS Tech and HSI rally as the US market sank to June lows. The demonstrate to me decoupling....or ability to decouple

3. The economic misfortunes in China cause this new lows in HSI. Some are reversible and self inflicted others are long term..  

4. I am actually planning to buy more at 17000 if it gets there. At HSI 17000, the HK market is valued lower than Asian Financial Crisis. 

5. I stopped buying and sold some several weeks ago. ...but have not done anything since. This is to raise some.cash and manage the risk but j only sold a small amount relative to the whole portforlio

6. I view HK as a different market at a different stage from US market.

7. Losses are part and parcel of investing. I did not get everything right as zero  covid crushed the China HK market.

8. But when ever I buy it is with the intention to hold for years. I don't worry about losses in the interim or how the market move so much day to day. What I think about is are valuations 
too high did j get them wrong and what how to manage the worst case.