China's stocks are blasting off ($FXI)

The mainstream media analysts keep wringing their hands over China. They worry it's going to slump. You know who's not worried? Chinese investors. Check out this chart of the FXI, an ETF that tracks large Chinese stocks.


(Updated chart)

The FXI looks to be on its way to $65. That's a 40% move from recent prices.

If you think the FXI isn't representative enough, look at a chart of the iShares MSCI China Index fund ($MCHI). You'll see the same breakout.

Have a great Monday.