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To See a Stock Market Bubble Bursting, Look at Shanghai - New York Times
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This Link is located in the Public Channel Chinese Bubble.
Posted by ian 1 year 349 days ago (nytimes.com). Views: 415
Tags: chinese bubble |
| Related Tags: china stocks housing bubble stock market crash of 2008 credit crisis |
This was not the way it was supposed to end. Many investors had been betting that Beijing would not allow the stock market to crash before the Olympic Games come to Beijing in August.
After the Games, the powerful rumor went, everyone would sell, leading to a steep market plunge.
And if anything serious happened before the Olympics, the government would certainly do something to prop up the market.
They are still waiting.
“It’s a deformed market, an unhealthy market,” Mr. Guan says. “We’ve always had long bear markets and short bull markets.”
“Look,” he said, “it took two years to go from 1,000 to 6,000 but two months to go from 6,000 to 3,500.”
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ian said |
| 1 year 349 days ago |
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