motivation. haidi: brody ford in new york and john liu in beijing. still with us is the chairman at dalton investments. i really did want to get your insight on this. take a look at another chart that shows another bearish signal looming when it comes to chinese and hong kong listed stocks. we are looking like msci china is about to or not that can bearish cross. we have seen them moving to the lowest in the year with momentum basically just vanishing. what does this mean for investors? prior to this, it felt like some of the chinese tech names, regardless of which market you are talking about, were a good diversifier in a portfolio is you are heavy u.s. market developed stocks? >> it has underway to china for a very long time, to our detriment, i will admit. the rest of the investing in china are often binary.