China should let Evergrande collapse. Why would you save a disease that will just keep growing in the future. Evergrande will be like Lehman’s, no point saving a dead duck. Let the good businesses flourish and bad business die out. The markets need to correct and Evergrande will be the best domino effect to normalise PE ratios. FmG back to $4-$8 for the next 5-10 years. All imo, gltah. The tea leaves whispers Booyah!
China should let Evergrande collapse. Why would you save a...
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Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |