[sgbuffett]

these Lots of turmoil in overvalued US markets

But the Fed  rate cuts is like an oxygen supply that can keep China and HK recovery especially the property sector.

Anyway watch the HK China market today if they can hold out as Nikkei plunge 3-4%.

I will trim my HSI long positions if it does not begin to show strength near the 17K level.

These market went down as US market rallied for 3 yrs. I see a negative correlation. Now there has to be markets that absorb the outflows  from US emerging markets like Indonesia, Malaysia, etc ....China and HK are bombed out ....

As we enter a phase of weak dollar the carry trade has to find places with yield and stronger currencies.