Tuesday 29 May 2007
Irrational Exuberance in China [Fundsupermart.com]
Whilst the Shanghai Composite Index may have closed above the 4300 level for the first time today, many analysts are calling for a correction in the near term.
Yale Professor, Robert Shiller, who correctly called the 2000 dot com boom a bubble, has said a high degree of "irrational exuberance" among investors could lead to a major correction in the Chinese market in the next few months, which could have a knock-on effect for the world economy.
Get the full take here
Yale Professor, Robert Shiller, who correctly called the 2000 dot com boom a bubble, has said a high degree of "irrational exuberance" among investors could lead to a major correction in the Chinese market in the next few months, which could have a knock-on effect for the world economy.
Get the full take here
Subscribe to Posts [Atom]