Thursday, July 23, 2009

500,000 new stock accounts in China in less than a week

Spectacular gains for Shanghai stocks and a blazing resumption of initial public offerings have enticed nearly half a million novice Chinese investors to open trading accounts in less than a week.

The arrival of what some analysts are describing as China’s “post-crisis investor herd” is expected to add yet another layer of volatility to mainland stock markets where retail share-pickers account for about 70 per cent of turnover and ownership.

What did you expect the Chinese to do during market hours?

The swimming pool is already full!

And Wall Street doesn't think that Macau will heat up again?

It's time to throw the dice on the casinos, with the Macau IPO's!

1 comment:

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