Check out the charts via the link below.
Chinese Markets Chart Snapshots
Chinese Markets Chart Snapshots
Take the world’s largest populated country, open a stock
exchange, ensure that a majority of the companies are owned by the state, add
to the excitement by making sure that only a 1/3rd of the total
listed shares are free float (means public can buy/sell freely). Now add fuel
to the fire with the abundant financing options for stock market transactions –
margin financing. Oh, and I almost forgot a majority of the folks who dabble in
Chinese markets are below the age of 35 – meaning still learning! Ouch!
So you have a LOT of young/inexperienced people chasing very
FEW stocks with a LOT of cheap money!!
As long as the market is up all is well, but the moment
markets head south it turns into a bloody stampede. As is evident from the
recent events unfolding in the Chinese stock markets.
Knee f***ing hao folks! Welcome to the party and please bring
some “flied lice”!! mwahahah….
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