China Breakdown ?
The graph is of the Shanghi index. Only Chinese can invest there. They save 40% of their income and invest like gamblers. The index has an enormous PE. Whwn they started their 'Small Cap' trading market, the PE soon got to 100. Fine, let it drop. We, that's on ECSC, are in vesting in SEC registered stocks. Of the may stocks mentioned today here, they likely have a PE of 5. I have several that have a forward PE of 2.
Ok, Shanghi is inflated. It may almost collapse. I worry about how that will impact my stocks. But after a week or so I think the impact will fade a way.
