2007

Shanghai Market Sneezes and the World Says “Bless You”

As the images above demonstrate there was a day’s worth of panic in financial markets this week following the Shanghai correction. We don’t claim to be Chinese stock market experts but we know some who are. The following is a somewhat tongue in cheek, slightly cynical and slightly edited for polite publication response from an informed and opinionated expert we think most highly of…to our question: What went on in Shanghai? Predicted correction or start of a run?

“Are you the last person on the face of the earth to understand that you work for the Shanghai-ese? The stock investors in Shanghai are calling all the shots. When they sniffle, CT will get Avian Flu. They have a full ten years of investing in stock markets and until a year ago, not one person had a profit on investing in their stock market, but hey, after a run of being up 100% they truly understand everything.

This was the most overvalued asset class in Asia and it took a small tumble, was then bailed out by the Government and the world is screaming in fear.

This is only an excerpt of Market Commentary – 03/01/2007

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.