Back towards Shanghai 4000

We took note of a China bubble when the Shanghai market hit 4000 a couple of years ago. We watched bank IPO’s clear the market at p/e’s of 40x and above! We followed the market to its giddy Roaring Twenties level of 6000.

Then the slide began — through the commodities bust of last year, and finally to its bottoming out under 2000. Now it’s heading back to Shanghai 4000 again, and probably much higher. But then again, China is in some ways a moreSource: Dinocrat RSS Feed