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Chinese Stocks Are Now Up Over 100% Year-To-Date
Monday, May 25, 2015 23:50
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Another day, another dip to be bought aggressively in China. The only catalyst for moar – aside from “well it was up yesterday” – is the news that the Shanghai-HK Stock Exchange aggregate quota will be abolished, leaving room for more speculative excess to flood into 500%-gainers. CSI-300 is now up almost 6% since Friday’s close and Shenzhen and CHINEXT are soaring back from underperformance yesterday. To round things out on a superlative note, the Shenzhen Composite – which contains all the ponzi-based self-collateralized idiot-makers, is now up over 100% year-to-date. Simply put, you can’t keep a bad market down…
Which has sent the Shenzhen Composite above the 100% return mark for 2015…
Charts: Bloomberg
Source: http://silveristhenew.com/2015/05/25/chinese-stocks-are-now-up-over-100-year-to-date/
