When does growth not lead to growth?

Motley Full Money starts now.

I'm Dylan Lewis and I'm joined over the airwaves by Motley full analyst Buck Hartzel, Buck,

thanks for joining me.

Thanks for having me, Dylan.

It's great to be here.

I'm really glad I've got you here today because we are going global and we are going to be talking about some things that you've been following some articles that you sent over my way.

Take a look at the run in China's market recently as well as some research out that maybe one leading economic

indicator, not the best sign for investors or maybe one that they should be a little cautious

of.

To kick us off, this is our kind of why now for this

conversation. September was truly a magic month for investors in China. Shanghai

composite index up over 20% in the last two weeks of the month. That run took the index into the positives, brought things back to about two-year highs.

What's going on with what we're seeing here in China Buck?

Yeah, I mean, you mentioned it, Dylan, and I would caution people

we'll get into China here in just a caution people. We're bottoms up investors here at the fool.

What that generally means is I spend all my days

looking at individual companies, and I don't spend much time at all forecasting GDP or looking across

different kinds of macroeconomic variables and there's a reason for that

Dylan and it's largely because A I can't do it. I don't think I can kind of predict these things

There's too many variables that go into it and the other thing is a lot of the macro indicators and things that we see are lagging so they're lagging indicators when we look at stocks, they're forward-looking vehicles.

So we call them complex adaptive systems, the stock market, so it's forward-looking. And that's why stocks go

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