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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (100547)	1/16/2008 5:51:51 PM
From: MulhollandDrive	Read Replies (4) \| Respond to of 306849

really? what do you think sparked the asian bull in the first place? hundreds of millions of chinese making $300/year? there's no question the economy itself is growing (and will continue) but anyone who thinks an economy whose lifeblood depends on exports (to western economies particularly) where the 'buyer of last resort' is tapped out, can avoid a bear market is dreaming read this and tell me what you think will happen to these newly minted chinese speculators (and these are the ones with the money) forbes.com This gold rush by middle- and low-income investors into the Chinese stock market both fed and was propelled by a 93% rise in the benchmark Shanghai Composite Index last year, which followed a doubling in 2006. And the bull run doesn't yet seem near an end. China's two stock markets in Shanghai and Shenzhen earlier this month briefly overtook Japan as the world’s second-largest stock market by market capitalization. The survey shows the Chinese stock market boom is anchored by investors ranging in age between 33 and 54 who are highly educated, with more than 60% of the total boasting at least a college education. Nonetheless, the Securities Association said only 30% of China's 136 million investors have monthly incomes above 5,000 yuan ($690), a level that is moderately well off by national standards. The combined shareholdings of individual investors accounts for 48% of market capitalization and 98% of mutual fund assets. Mutual funds account for about 30% of market capitalization. More than half of Chinese investors do not have more than 300,000 yuan ($41,379) available to invest, and a quarter have less than 100,000 yuan ($13,793). "[They] have little awareness of their rights as shareholders. Most of them are just interested in short-term speculation," Huang Xiangping, president of the association, was quoted by the China Daily as saying Wednesday. sound at all familiar? can we say tech bubble of the 90's in the US?