China is not the first country to prop up a falling stockmarket. But what makes China stand out is that it panicked when a correction of clearly overvalued shares had been expected. Rather than calming investors, its barrage of measures screamed of desperation.
- http://econ.trib.al/BsWFOGK
- http://econ.trib.al/BsWFOGK
![](https://fbexternal-a.akamaihd.net/safe_image.php?d=AQBJEgfoYBC8J3ct&w=534&h=280&url=http%3A%2F%2Fcdn.static-economist.com%2Fsites%2Fdefault%2Ffiles%2Fimages%2Fprint-edition%2F20150711_LDP003_0.jpg&cfs=1&upscale=1&sx=0&sy=8&sw=595&sh=312)
...and yet the Hang Seng PE at 12 is significantly lower than the USA S&P (currently around 21....)
makes you wonder who exactly is over valued :)
No comments:
Post a Comment