Is this
While the US stock markets have been motoring to new highs, the Shanghai bourse has been hitting fresh 52 week lows.
Some of the easy money brought here came from the huge gains insiders got for cashing out their holdings in the newly public companies. The appetite for this type of speculation has been waning in recent times as the Chinese economy has been cooling (still booming though compared to us or Europe).
Oversold enough for a bottom?
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*Mid-week market update: *I wrote on the weekend that conditions were
setting up for a panic bottom (see Here comes the sentiment flush), but one
final flu...
2 days ago
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