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Andy Xie: Shanghai Composite “should be 2,000 or less”
Further to my “Shanghai cracks” post of yesterday, a Bloomberg interview with Andy Xie provides additional insight. Xie is a highly regarded analyst based in Hong Kong and a former Morgan Stanley chief Asian economist. Also read Xie’s thought-provoking article of a month ago, “Famed market analyst says China has “become a giant Ponzi scheme“. Click here or on the image below to view the clip. Source: Bloomberg, August 31, 2009. More on this topic (What's this?) Shanghai Composite Hits Lowest Level Since May (Blogging the Commodity Bull Market, 8/31/09) China Sets the Tone (Contrarian Profits, 8/31/09) Shanghai Composite Breaking Down (Fusion Investing and Analysis, 8/17/09) Leave a Reply | |||||||||||
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