Mobius to Beijing: Quit Fighting the Market and Let Stocks Fall
- Government efforts to prop up equities seen as futile
- Stock valuations still highest among major markets after rout
Veteran Investors Forecast China Markets to Fall
This article is for subscribers only.
How do you get a bottom-up stock picker, a chart watcher and an economist to agree? Try asking them about Chinese equities.
Mark Mobius, Tom DeMark and George Magnus -- world-renowned forecasters who view markets through three very different lenses -- are all finding common ground with their predictions that Chinese shares have further to drop. They say government efforts to prop up the $5.1 trillion market are futile, a view that’s gaining traction among analysts after an unprecedented two-month rescue effort failed to spark a sustained rally.