Thursday, March 04, 2010

A Perspective on the Stock Market in China

Here we see a multi-year perspective on China's CSI 300 Index; props to Bloomberg for the perspective. Despite all the talk about the economic miracle in China--not unlike Japan's miracle in the 1980s--the index is not only well below its prior bull market highs, but is also off its 2009 highs. Note the narrowing range of late; how that is resolved may make a big difference in how world stock markets trade.