The crackdown might hurt for a while,But they will settled and businesses will carry on as usual. The big techs are now entrench to so many parts of the economy I dont believe the Chinese govt will tear them apart so easily.It's a good chance to load up some good stocks.
$Tiger Brokers(TIGR)$$Futu Holdings Limited(FUTU)$I hate it when I have to search externally for news impacting these named stock...https://investorplace.com/2021/10/chinese-stocks-alert-what-is-going-on-with-futu-tigr-stocks-today/
An interesting read...There are many factors and maybe inconclusive correlation... But it's kind of shocking to learn a whole country is trending to more than 30+% of non-working men over time...Surely many have their own reason but it's like there are unconsicious movement underway, like those stories told in The warmth of other suns.
I'm long $Alibaba(BABA)$But this is another bullshit article that try too hard to make the case of Munger liking baba and maling every investment decision. Maybe, but it's really the company that bought the share.
Charlie Munger Just Bought Alibaba Stock: Should You?