From a cyclical perspective, both M-stocks and A-shares are in bear markets, and at this stage the bear-market risk for M-stocks is even greater than for A-shares!
M-stocks really know how to rally in a bull market and really know how to plunge in a bear market. When they’re on your side, they’re genuinely good to you—like brothers—but they can turn on you in a flash. Still, it’s about the issue, not the person!
A-shares are sneaky and two-faced, acting one way to your face and another behind your back. They have that air of a petty person getting power, with everyone in their circle rising along with them!
M-stocks really know how to rally in a bull market and really know how to plunge in a bear market. When they’re on your side, they’re genuinely good to you—like brothers—but they can turn on you in a flash. Still, it’s about the issue, not the person!
A-shares are sneaky and two-faced, acting one way to your face and another behind your back. They have that air of a petty person getting power, with everyone in their circle rising along with them!

