Hello Elguido and all Readers,
The A.S.X. was Oversold Today after some Off the Cuff Remarks by Allan Greenspan,who let's face it, seems to need to do some more Research about China.
Yes like on all Markets some Stocks in China would be overpriced, however People like Allan Greenspan should indentify which Stocks are indeed vulnerable.
Allan Greenspan, I understand has Retired,therefore is he really in touch with China ?
Perhaps he should start talking about the present low Gold Price and how this has occurred
(like his persistance in increasing Interest Rates) which has bought about some of the problems in the U.S. Economy.
I suppose Allan Greenspan,Today put a form of Smokescreen around the Sub Prime Lending Defaults Problem in the U.S.A.
(Yes You can fool some of the people some of the Time).
Good Luck to All,
moly
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