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Tue 5 Jun, 2007 08:50 am
BBB, The Chinese stock market is floating like baloons; nothing but air is holding them up so high. Remember the hi-tech bubble? The Chinese bubble is going to blow a lot louder, bigger, and longer.
Read
THIS.
I also read something last week in an article I found in a newspaper in the Business Section about the "bubble."
The Chinese don't know how to invest in the market.
They're mainly gamblers.
this morning my stocks;
DREYFUS PREMIER INTL
FDS INC GREATER CHINA FD
CL A 119.04% ↑
dys, Take that increase now, and invest it someplace else. That bubble can't maintain itself for many reasons; China's economy is heating up too quickly, and there's no place to continue that expansion.
Quote:Many Chinese companies are so profitable
Like the companies that made the poisoned pet food?
Some info on the Chinese markets:
http://www.cnn.com/video/player/player.html?url=/video/business/2007/06/05/florcruz.china.market.dive.cnn&source=money&wm=11
I think the Chinese have gambling in their "blood." Many are risking their homes and savings on the bubble in China. Get rich quick schemes rarely work out well.
When you see photos of the people while investing, you get the idea that most of the investors are very old.
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