So when do you buy stocks. When they are at the 6 year high?
If I showed you the gold chart in 2002 when it was at a multi year low would you have said the same? What about the Dow Industrial in 2002? I assume when it was at that 6 year low you would have told people that no one was buying?
There would be a distinct reason that fund managers would speculate on the Chinese market right now and it has everything to do with the float of the Yuan; Trade Deficits and Surpluses. I'm not going to go into the detail here. I challenge you to figure it out. If not go back to your penny stock trading.