Merely to demonstrate that the huge run up in the Shanghai is yes, due to China's easing (initially) as well as new A-share accounts in anticipation of a decision today. Just to give your brain an example, $6.5 trillion has been added to the value of Chinese equities in just 12 months: That's enough to buy Apple Inc, eight times over. Yes, it could be a bubble or the establishment of a new trend. If a bubble, however, it can go on for quite some time before popping so I'd rather stay on the long side myself (until a major problem arises)
|
Comments