Monday, April 13, 2009

Bear Rally?

Did I once mentioned that stock markets work the same way as inflation does – meaning higher demand would drive up price?

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The above is the new accounts opened weekly for Shanghai Stock Exchange A-shares.

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If you compared to the index, they are almost of the same shape.

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The above is mutual fund flow data.

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You may have guessed it.

I see few reasons for euphoria, but you should consider stock market for now – stay near the door though.

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