Today’s column is on the Chinese stock market and as they said about the country, the giant awakened from its slumbers on the charts.
Yes, things are a bit overheated short-term. And yes, some of the leaders, like Baidu, sport insane trailing P./E ratios. Yet, it looks as if the market will shrug off its bearish reversal following seven days up and nearly a 12% gain to the overnight peak.
Check out the GXC ETF. A new high even though the home market – China – was down overnight.
