Stocks find fleeting relief in Evergrande deal; Fed looms

“China’s a strategic play — you’re not going to jump in and out. And the amount that you’re in should be that which you’re comfortable with,” Dalio said. “It’s not smart to sell on the break, or buy.” While most investors are overweight the U.S., diversification is important given the “war of sorts going on in technology,” he said. As China has cracked down on business sectors from tech to online education and real estate, investors have questioned the viability of investing in the country. But Dalio, who first visited China in 1984, has remained positive on the world’s second-largest economy. Earlier this month, he said investors shouldn’t neglect China “not only because of the opportunities it provides but you lose the excitement if you’re not there.” As for the market swings in Chinese markets, Dalio has described them as little more than “wiggles.” Dalio has an estimated net worth of $15.6 billion, according to the Bloomberg Billionaires Index. Bridgewater’s Pure Alpha II hedge fund has gained 1.4% this year through August. The firm manages $105 billion in hedge fund assets. Nick Note: A hole 1.4% return on 105 billion and i guarantee they are not counint the china hit. The system is out of control. but  Ray is right…… China and the world economy will not wipe out over this…..  just yet. but But BUT happy retierment mutual fund sleeping holders as usual will take the hit and not even know it…. After all a 1.4% return is a lot of nothing…… Rmemeebr Ray et all did this, doomed from the start China deal,  trying to gussy up the balance sheet. It was perfect buy the shit out of  evergrande no more  8% US dollar bonds that will never be paid….. ENJOY your meal because we will soon eat their lunch…. Whats a little issue like you will never get paid back have to do with it…………