NASDAQ Still BEARISH !in the past days , NASDAQ broke it's main trend , Nasdaq went down today after a failed attempt on the re-test of the all time high level and this could lead to the next 2022 Financial Crisis
It is absolutely the worst time to invest in US stocks as the tapering still not yet there.
IN OVERAL : NASDAQ bearish
Lehman2
Is Evergrande the next Lehman Brothers ??China`s economic model is based on real estate investment to drive growth. 20 Mil apartment buildings per year.
China`s residential property is 20% of GDP every year. Too much!
Real estate activities in China close to 30% of GDP every year. Huge!
Chinese Government is Bashing the private sector, look at GOTU and BABA for example.
Evergrande, second largest property developer in China has more than $300 billion in debt!
Evergrande has $83.5 million interest payment Sept. 23 and a $42.5 million payment on Sept. 29
Failure to to pay in 30 days can put Evergrande in default.
Today Evergrande has a Market Cap of 30.099B! At its peak, Evergrande was traded 13.5X higher!
Evergrande’s potential debt blowup can send shock waves through financial markets!
Today was just the beginning.
