Nomura Piles On China Short, Says Take Profits Now

The thundering herd of bank analysts advocating a China short is growing. Nomura, following their earlier advice to sell on strength, advises investors to “raise cash,” trim exposure to financials in the region. But don’t despair, China bulls, one investor’s market price adjustment is another investor’s value opportunity – there will be a moment to buy, it’s just not when default concerns and bail-in talks could send stocks reeling. As Soros and other activists sharpen their knives to take on China, the one-time communist nation looks to U.S. public relations firms as tools to engage in a Wall Street street…