All such terrible news. In this case, I am not assessing this commentary against a price chart pattern. I am assessing this doom-and-gloom coverage against the renewal of my Chinese contracts on improved terms, juggling requests to speak in an invigorated resurgent conference environment and approving proposals to do new print runs for my books and translate another. These activities are all related to Chinese financial markets, which are consigned to a particular level of doom in foreign media commentary.
I trade financial markets, so I appreciate it when the media talks down a stock that is showing a price pattern associated with a breakout from a downtrend. The negative talk in the financial media means I can buy the stock at an even lower price.
The same applies to much of the economic commentary about China. The doomsayers would have us believe the Chinese economy is collapsing because it has no inflation, its housing industry is (as it has been for the past three years) teetering on the edge of catastrophic collapse, annual growth figures are falling and the Foreign Minister has not been seen in public for many days.
