This Michael Burry stock just nosedived
BABA(BABA) Finbold·2024-10-08 23:12
Late in September 2024, Chinese stocks soared as the People’s Republic government announced a massive package of measures designed to bolster the country’s ailing market.Just weeks later, on October 8, 2024, the situation took a drastic turn, as China’s newest announcement brought none of the hoped-for stimuli. In fact, the only specific number mentioned was the 100 billion Yuan (~$14 billion) frontloaded from the 2025 central budget and intended for short-term use – a far cry from the $100 billion that was ...