Wednesday, May 30, 2007
Another Chinese Market Article
Seattle Times: China's run-up echoes U.S. dot-com era
Chinese stock markets crash. Their companies search around for cash to try and keep Chinese investors happy... which has been leant out to fund the UK housing market. No more cheap loans.
Posted by andy h @ 12:15 PM (39 views) Add Comment
1 Comment
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1. sold 2 rent 1 said...
The Shanghai has only doubled in 7 years.
The Nasdaq went up more than 5-fold in the same time.
I still think the Shanghai has the capacity to double again by September.
Remember the rules about bubbles:
They go on higher and longer than anyone expects.
There are too many pundits calling the top of the market. When every last bear turns bull....