cnbc are the official cheerleadersdont believe anything u see...

cnbc are the official cheerleaders

dont believe anything u see there imo



this is the paragraph that got me...


The herds of investors are stampeding into the market, and stampeding is the right word for what is unfolding. Two weeks ago I would not have written this missive, believing that while the overvaluations were severe, the sums involved were puny, six to twelve months ago a good day on the Chinese stock markets was 1 billion dollars worth of stock changed hands. This week a report was released illustrating that now the amount of domestic Chinese stock business eclipses all the volume in all the stock markets in the Asian region COMBINED. Yes, the amount of business is now more than the developed markets of Japan, Hong Kong, Australia, South Korea, Singapore, Thailand and Taiwan. Well here is a frightening statistic for you, these usually conservative savers have WITHDRAWN 1.674 TRILLION Yuan in April alone, and translated into dollars that is 219 BILLION DOLLARS. Yesterdays volume was over 46 billion dollars. This is BIG money even in the US.