Stocks that has high PE or PB encountered bigger strength of the market correction this week. Some of these stock has either come to its support or turned bearish.Nevertheless, the big tech stock is still overvalued. As value investor, perhaps it is good to see healthy correction of another 3-5% before the risk has been released and return later into the market during the Christmas rally week! [你懂的]
Famous blue chips US stocks outperformed Chinese stocks. Keeping US listed chinese stocks in a long term portfolio is high risked. Rather buy chinese stocks listed in China exchange instead.