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Re: Is Chinese market over heated
So Here is my view.
I think a correction will be there, but not a bust
Reason being
1. A lot of news papers are taking about it, and saying that this is a bubble and it is going to bust. This news even made it to USA, and many think it is a bubble. (btw, only big news from China can made its way to US)
From a technical perspective, when many people, especially major news papers talk about bubble about to bust, usually it will last longer or much longer then most people think. This is taken from a contrarian point of view
2. From a fundamental view: China just start to build itself up since 1980. It has build a lot of infrastructures, but a lot of systems are still not in a mature state. for example: Banking, Insurance, financial. So there will still more expansion for all these to become mature.
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