Chart o' the Day: Bloomberg's Misfortune Cookie Index

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Bloomberg keeps an index of Chinese Misfortune Cookies Reverse Merger stocks.  It looks exactly like you’d guess it would – down 50% year-to-date.

The regulators are now filing for rule changes to listing policies and issuing investor alert bulletins.  I like to think my very loud, very public shot across the bow a month ago has played some role in helping people escape this garbage.

Here’s what the index of Chinese RTOs looks like:


My Chinese Reverse Merger commentary (TRB)

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