Keane observed that funds have been pulling out from the Asian markets in recent months. This may be due to the good performance in Asia for the past 2 years, especially India, Indonesia, Thailand, and Hong Kong. It is natural that the funds shift their capital to markets that are still undervalued like the US stock market. Keane mentioned that we should follow the smart money and hence, we should focus on trading US stocks right now.
China
Despite the fear of a Chinese property bubble, Keane gave his view on China and assured us that the bubble had no chance to grow after the Chinese government implemented the tough measures. Through his visits to China, he found that the rich owned multiple properties while the poor do not even own their homes. The government has implemented several policies in stages: First, the second property has to be paid in ......