Just 4 months after I posted my last comments (Chinese Stock Market is Crazy), the Shanghai Stock Index raised from 3000 points to 4000 points, and keep increasing.
That means, the stock index increased from 998.23 in June 2005 to 4040 in May 2007 – 4 times increase!
What a crazy market.
Shanghai is an economic center for China, and everyone is involved. I am back from a wedding dinner tonight, and on the table, the major topic was “stock”!
I have no idea about stock – I was not in stock in the last round of bull or bear market in 2001 – 2004, and not in this round of stock change. I didn’t pay too much attention about it. Today, when Wendy told me that the stock index has been above 4000 for some time, I was really surprised. What is the next?
There are people claiming that the stock will be 6000 shortly… Who knows?