I do believe a correction in Chinese equity markets looms right around the corner. The Chineese government is starting to tighten the interest rates to try and stop the ever increasing expansion from getting out of control. We saw the china market sneeze a few months ago and the effect it had on the world markets.
When a correction occurs occurs, many solid, fairly valued companies in China and the US will get swept up in an aggressive sell-off. My gut tells me that it may be a great time to pick up some great companies at some very good prices. Be ready to buy the bargains sometime this summer.
In the mean time I will continue to recommend some stocks to wait for and buy when they start to go up.