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Short selling alert: World's top performing market now at 36 times earnings
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Wednesday, July 22, 2009
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By Daily Crux Editor Brian Hunt:

A short selling idea for you contrarians...

In response to the Chinese government's massive stimulus efforts, China's Shanghai Composite Index just reached its highest level since June 2008. Local Chinese investors are opening stock accounts in huge numbers.

China's enormous rally has left the index trading at 36 times earnings, according to Bloomberg data. These are valuation levels that typically precede major corrections in stocks.

Read full article...

More on China:


Forget gold... this is how China is fleeing the dollar

Forget gold: This is how China is fleeing the dollar, Part II

Research firm predicts major stock market crash next week

Read everything we've posted on China.

Topics: China | Short Selling | Stocks
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