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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: clochard who wrote (89799)	8/19/2009 2:01:07 PM
From: GROUND ZERO™	Respond to of 94695

I bought some today, I think we'll see that market move higher... GZ

To: clochard who wrote (89799)	8/19/2009 2:59:14 PM
From: Real Man	1 Recommendation Respond to of 94695

Hard to say. There are also economic miracles that become bubbles toward their end. I don't think China is a bubble, it's a bull. The move 1950-1990 was pretty amazing. At 7-10% growth, China could do something like that too. -g-

To: clochard who wrote (89799)	8/19/2009 3:56:33 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

Chinese stocks went down in 2000-2005, while the country was growing 10% a year. Maybe stocks just caught up. 9 years 10% a year growth equals to 2.36 multiple. So, in 2000 terms and per revenue China is trading at 1K, which seems pretty low. Maybe it was just the birth of Chinese bull in 2005-2006, not a bubble. Granted, the bull advance from 2005 lows was very exuberant, but the Chinese economy is growing at much faster rate than the US economy, and not all exuberant stock market advances constitute a bubble. For example, gold miner index HUI soared 15-fold from 35 to 500 in 2001-2007, but no bear called that a gold bubble. -g- finance.yahoo.com