The Shanghai Composite index ....
Dropped to a new low. Overnight, SSI's one year gain eva****-
ated into the cyberspace. From the lofty 5000, it is danger-
ously close to 3000. Retail investors are caught holding the
bag but with no end in sight. With the ginormous real estate
bubble about to pop, her subprime woes have yet to begin. In
a time With global contraction spreading, their pain will be
much more intense. SSE's latest price action is a harbinger,
of more bad news to come after the Olympic Games.
Perhaps a member****p in the Club of sweet 16 (1600) .... :)
Regards,
Albert K. Fung
Casa Tres Palmas, Santa Ynez, California, USA.
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