WMT

Cliff Wachtel submits:

Assuming China is both serious and quick to act in its stated CNY revaluation, then the news is a likely game changer for markets, certainly in the near term, because it is a genuine boost for risk appetite that has been sorely lacking from markets for the past months and provides a critical counterweight to the unending news of stagnation or sovereign default worries from most of the developed world.

Yee Ong submits:

A friend of mine just returned from a trip to Asia and told me that he couldn’t find top quality tuna in Japan because they all went to Hong Kong. When he was in Malaysia, he observed many expensive properties being gobbled up by the Chinese. Wherever he traveled, he just saw Chinese consumers voraciously buying up all the best and most expensive products. Indeed, some of the record price purchases in the world recently have been attributed to a Chinese consumer.

Dobromir Stoyanov submits:

China seems to be the engine of global growth these days. The country has managed to turn itself into the manufacturing facility of the world, producing almost everything that consumers in the western world need. It is being said that investing in China in 2010 is similar to investing in USA in 1910 or investing in the UK in 1810.

BlueCut Capital submits:

With the close of 2009, BlueCut has yet to experience any vision that can provide insight into 2010’s developments. That being said, the quarterly comments will be kept short. The 4th quarter activity involved trading around core positions, and adding short exposure in the financial and gaming space. The target allocation continues to be 45-55% net long.