ML China Says Prices "Out of Control"

1 reply [Last post]
AllREIT's picture
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Joined: 2006-12-16

http://www.bloomberg.com/apps/news?pid=20601014&sid=a6Y5 CcbF5Opw&refer=funds

Quote:
May 18 (Bloomberg) -- Merrill Lynch & Co.'s China chairman
said investors should pare their holdings in the nation, where
the benchmark stock index has rallied 84 percent this year.

``Valuations are too high and it's getting out of control,''
Liu Erhfei told a private equity conference in Beijing. ``This is
a good time to exit, which by definition means it's a bad time to
invest
.''

When the man from Merrill isn't bullish....

skeedaddy2's picture
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Joined: 2005-09-14

I think it was Goldman that came out earlier calling it [Chinese stock market]
a speculative bubble. But I predict no slow down in toilet paper sales.   

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