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Greenspan

PER 10 to 20 is norm to us, to them in China 30 to 50 is their norm..and whe they increases to say PER 45/75, our will be 15/30, so can see that their is also back up by at least another 10 million new clients., ours is limited.

 

to get an idea of how big a bubble in china u should look at the P/E ratio of some of the Big asian companies which is usually shown in the Edge paper.
on average , most of the other country (Singapore, Korea,Taiwan, India , Australia, HK) on average P/E is between 10 to 20 , most of the big Chinese company P/E's all shown between 30 to 50.
if  the market doesnt come down till olympics, think how the P/E ratios will be then. 

 

Even after Olympic 08 is over, the Chinese long, long have plan what can happen, so they do something up..to softer tha ground for a soft landing, maybe this time lower their interest rate, let go abit more to liquidate their yuan, float more Yuan $$$, give HK bourse a boost, ppl's to buy share, alot and alot more then can do or even come out with a big confident word like another world biggest IPO to boost the market. 

 

Agreed. Basing on my past dealings with Chinese officials they are very good at that..... :)

 

I do agree with obiquek, very likely the gangs (friends and related people) of some high ranking poeple are in the play, and are enjoying the sweetness this boom.  They want to continue to have it and may not simply depart the market so soon.  Furthermore, the Chinese have pride, why should they follow to what ang mo say.

jerrymints

 

Who knows? Maybe Chinese offcials themselves could be swimming in the stock market as well, thus they will not

let the bubble burst so sudden, but inflate it bit by bit to show the world they are doing something about it.

In any case, a big crash in their economy before the 2008 Olympics is something they dun want to see. Just a tot.

 

Shanghai up today ?

 

Woww..today Straits Times published a car fall from 6th fl and d diriver walk out alive lehh. it mean good omen, i see falling from 4th fl, not a problem at all B4 climbing back to d 13th fl. B4 falling again when Greenspan speak, maybe d fall will reachd 10th and not ground fl,expecting for STI to touch anew high B4 going on profit taking on another round, but 1st let this round absorb d profit taking 1st.

 

Heard bush recently commented " Chinese 'need' to eat US beef "..

Find that his words tend to smell of disrespect and he seems to talk down on other countries and races..

 

Regardless fall from which floor , the world market sure affectted !

 

if he did not make a comment also, u know how many people will be bankrupt?
just take a look at shanghai exchange my friend and ask urself if it is bubble or not.
is'nt it more safer to fall from 4th level of high rise than 13th level.
at the way china stock frenzy is going on, only respected ppl like greenspan's words might stop the frenzy. the chinese govt does not seem to be in control at all.
even today with all other exchanges in red, china exchange still going up towards the 13th level.
we are heading for a crash at some pt of time in China, the question is when and will STI go down with it and stay down for some time even though sentiments here bullish

 

only pple never learn go bankrupt.

 

Did you know that he make one such comment cause how many people bankrupt ?

 

This Greenspan is famous for speaking ambiguously while he was the head honcho of FED.... like those Chinese sern mia sinseh (fortune tellers). Both ways he is right and never wrong and the way he does it is just by twisting and turning on his vague words.

 

Please do show some respect to the man. He was only giving his opinion and an opinion is never right or wrong. It all depends how you look at things at which angles!

It is often been said that it is no point coming out with criticism without offering a solution. At least  Mr Greenspan did come up with solutions! Cheers!

 

All investor see him like ghost ..... comment something bad all run !!

 

He also once did provide a strong opposite view that look and sounded bad on US current chief. Mr Benanke on US mkt bourse, which he has to eat his word.

 

Not US lahh...Span is been paid to talk like that, he is also giving the China chinese excuses to take profit, so d chinese will say is not me, is him who said, who kana, span lohh...for talking bad about China bourse and Y don he talk bad about US bourse., very clear here....isinit it make some sense, abit senile old man.

 

Thi old man already retire yet still comments so much ?? I think US jealous about asian market ?