Bull market to end after Beijing Olympic Games?

Bull market to end after Beijing Olympic Games?
Jan 21, 2008 02:18
DREAMLIFE Points: Join Date: Sep 5, 2007 Status: offline	Compared with 2007, Chinese stock market seems to enter the bear market. Chinese shares have been dropping a lot after the reserve requirement hikes. Today, the Shanghai Composite Index went down to 4900 points. A professional in security market forsees that the subprime crisis may land on Chinese stock market and the bull market will end after Beijing Olympic Games. Jim Rogers says that the bull market will last 20 or 30 years as long as you choose right shares to invest. Otherwise, the bull market ends for you. What's more, he won't buy shares of Chinese banks though they have increased a lot. Why? The shares are expensive and the banks don't operate very well. What do you think of their words? Who do you believe?

Jan 21, 2008 02:18

DREAMLIFE
Points:
Join Date: Sep 5, 2007
Status: offline

Compared with 2007, Chinese stock market seems to enter the bear market. Chinese shares have been dropping a lot after the reserve requirement hikes. Today, the Shanghai Composite Index went down to 4900 points. A professional in security market forsees that the subprime crisis may land on Chinese stock market and the bull market will end after Beijing Olympic Games. Jim Rogers says that the bull market will last 20 or 30 years as long as you choose right shares to invest. Otherwise, the bull market ends for you. What's more, he won't buy shares of Chinese banks though they have increased a lot. Why? The shares are expensive and the banks don't operate very well.

What do you think of their words? Who do you believe?

Jan 21, 2008 09:47

MARRIE
Points:
Join Date: Jan 7, 2008
Status: Offline

i heard lots of small investors in shanghai got the margin at least as 5-10 times much as costs last year. macro policy for cool down is reasonable.

"Jim Rogers says that the bull market will last 20 or 30 years as long as you choose right shares to invest."

i agree on the statement above. in a emerging mkt, particularly in PR CHINA where its economy is of speedy taking off, 20-30 bull mkt is unquestionable.

Jan 21, 2008 21:57

KEVIN0518
Points:
Join Date: Mar 13, 2007
Status: Offline

Quote: " in a emerging mkt, particularly in PR CHINA where its economy is of speedy taking off, 20-30 bull mkt is unquestionable."

Marrie, it seems that you are optimistic about China's economy. Personally, I don't think so. The bubble in the stock market surely exists. The only question is when it breaks and if the government can minimize the loss. If China's economy is developing healthily, the government needn't raise reserve requirement at least 11 times.

Post a Reply to: Bull market to end after Beijing Olympic Games?