emotion and plenty of money is what drives boom prices in all markets,
plenty of people like me do not go with the hype of the moment, we have a plan usually long term and we follow it
sometimes I cannot resist the temptation to sell because the price has gone so high, but I usually know I can buy back later lower price and stay with my plan
Don't get me wrong
I like rio and bhp, but.......................... both are heavily reliant on the growth from China
what if china decides its not going to pay the higher prices demanded
what if china falls over,,,,,,,,,,,, like japan what if china decides to do some exploring in their own back yard or use an alternative cheaper resource
chinese are not known for their generosity they usually do everything cheaper than anyone else they are smart
I would rather see stocks priced on the average earning and growth one could expect from normal operations, not on abnormals
