Friday, June 22, 2007

Is the Dragon About to Slay the Bulls in China?

As professional and mom and pop money continues to make its way to Chinese companies, some smart money is predicting that the end may all be near. In fact, we received one email from a New York-based money manager who recently contacted us about his upcoming trip to China. In fact, the email boasted about some of the recent investments his fund made in China(penny stocks folks!). Alan Greenspan recently made headlines by saying, ""the rally in Chinese stocks is ‘clearly unsustainable'" and that "there's going to be a dramatic correction at some point."

Our response, we'll see. We think he's right.

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