With the NCAA basketball tournament starting today, many can’t help but get caught up in the hype. Ok, I’m in a bracket pool too. But I’m not going to bet the farm.
When it comes to investing, the closest thing to the NCAA tournament hype is investing in China. John Christy at Forbes does an excellent job of giving China and its most popular ETF, the iShares FTSE Xinhua China 25 (FXI), a reality check.
The bottom line is "buyer beware".
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.