May 5, 2010 -
PRLog -- China “ is about to pop ” because it’s obsessed on property development for driving growth, Glenn Herrin said in an interview last month. As much as 65 percent of the country’s gross domestic product relies on construction, he said in February a debt-fueled bubble in China might produce a regional recession within 30 months. “China is like the United States in the 1920’s” with growth at a pace it can’t keep up. It will slow and when it dose look out. Copper is always the first thing I look at each day and it is at a seven-week low. China has been over buying copper for the last five years and has about a six-month supply and with a slowdown it may be a year supply. LINEARSTONE is short copper, steel, and long oil and gold. We think oil will fall with the downfall of the Dow this year (below the 7000 mark) but should have a quick run backup into the $80’s. Each day I am bewildered that the markets are up; all of the signs we use to track them show that the Dow should be around 5300. LINEARSTONE is Short AAPL, GOOG, SBUX, GE, IBM, RF, V, FCX, VMC, and Long ABT, JNJ, JPM, oil, gold, and CHF (swiss franc).
# # #
Linearstone Holding Corporation “Linearstone”
is a holding company owning subsidiaries engaged in a number of diverse business activities.