Oct is always a fearful month for investing loom, everyone r drunk by the all the record breaking highs during the last quarter 2017.
Investment Climate:
Positive tax reform and new fed chairman set the direction for next year.
China XI reform on 19th congress meeting
RISKS:
- Political unrest and turmoil
- China property bubble :- In tier-one cities, property costs are likely to be between 50 and 100 years of household income. At the peak of Japan’s property bubble, it was about 20 in Tokyo. China’s residential property value may have surpassed the total in the rest of the world combined. http://www.zerohedge.com/news/2017-10-11/andy-xie-warns-bubble-economy-set-burst-political-tension-soars
- Bitcoin bubble 97B with no backing?
- Nasdaq bubble? Amazon PE ratio is 500/-