well, Caylus.
you sure know how to kick the opportunity of a lifetime in the guts. those markets are still cheap.
it's the american stock markets that are so overpriced. their cap is currently 51 percent of the total cap of all of the world's stock markets.
if that usd carry really unwinds, the usd will soar and then i'd be looking for a top in the US stock markets.
and i'd expect those to top out before the Chinese markets.
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