Fisher: Underappreciated Positives Are Growing for Chinese Stocks

Is the rally real? Last month I told you the biggest risk Chinese investors faced was being out of stocks. With sentiment so depressed, nearly anything would constitute a positive surprise. The sharp rally since — up 33% from the Oct. 31 low as I type—illustrates the point perfectly. No one can be sure this is a new bull market beginning. But ample positives in China and globally amid widespread sour sentiment suggest the gap between dim expectations and brightening realities is wide — fuel for any recovery. Let me show you.