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The China Bubble from Marty Chenard @ www.stocktiming.com
"China's Bubble makes our Internet Bubble look like a pip-squeak ...
Many people think back to our old Internet Bubble and have recollections of the downside pain that followed the Bubble's correction.
China's Bubble is making our Internet Bubble look like a pip-squeak. Some say that Chinese stocks are still at a good value, but they are not. Some say that the Shanghai Index will keep going up until after the Olympics next year. At the current rate of acceleration, that would have the Shanghai move from 5277 to 15831. The equivalent of that feat is for the DOW to move from yesterday's 13363 to 40089 by next September.
How much has the Shanghai gone up since last September? The Answer is went from 1752 to 5277.
If you recall, this past February, I posted an update with this headline, "Let me say this very simply ... China's Stock Market will Crash sometime this year".
We have 3 months and 3 weeks to go before the end of the year, and if the current rate of acceleration went unabated, the Shanghai would close at 8543 at the end of December. I still believe that the probability is very high that a large correction will occur on the Shanghai before the end of the year. This adds an additional risk level to the current market condition.
Be sure to see today's Shanghai Bubble chart ... it is an eye popper.
Please click this link to go to your Analyses and Recommendations at this link:
(If you are having trouble with the link, copy and paste it in your browser.)
Regards,
Marty Chenard"
"China's Bubble makes our Internet Bubble look like a pip-squeak ...
Many people think back to our old Internet Bubble and have recollections of the downside pain that followed the Bubble's correction.
China's Bubble is making our Internet Bubble look like a pip-squeak. Some say that Chinese stocks are still at a good value, but they are not. Some say that the Shanghai Index will keep going up until after the Olympics next year. At the current rate of acceleration, that would have the Shanghai move from 5277 to 15831. The equivalent of that feat is for the DOW to move from yesterday's 13363 to 40089 by next September.
How much has the Shanghai gone up since last September? The Answer is went from 1752 to 5277.
If you recall, this past February, I posted an update with this headline, "Let me say this very simply ... China's Stock Market will Crash sometime this year".
We have 3 months and 3 weeks to go before the end of the year, and if the current rate of acceleration went unabated, the Shanghai would close at 8543 at the end of December. I still believe that the probability is very high that a large correction will occur on the Shanghai before the end of the year. This adds an additional risk level to the current market condition.
Be sure to see today's Shanghai Bubble chart ... it is an eye popper.
Please click this link to go to your Analyses and Recommendations at this link:
(If you are having trouble with the link, copy and paste it in your browser.)
Regards,
Marty Chenard"
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