China 2007 vs. NASDAQ 2000
Whilst there are significant differences in the structure the similarities in the figures makes this a compelling little story.
All stock manias must come to an end as exponential price growth is inherently unsustainable. Eventually the public has bought all the stock it can buy so there are no untapped pools of capital left to bid on stocks. At this point the whole house of cards starts to implode. The SSEC’s behavior in the last month mirrors the NASDAQ’s around its own March 2000 top remarkably well. Caveat emptor.
H/T China thread on ADVFN.