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Greenspan warns


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#11 Tor

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Posted 23 May 2007 - 04:28 PM

It seems that everyone "knows" the Chinese stock market is a bubble about to pop. That makes me think that when there is some sort of crash in Shanghai, it won't have as much impact on World markets (much less World economies) as everyone is fearing. I could easily see China having a 1987-type event. It will seem like a big deal at the time, but in the long run, it won't be much more than a blip in an ongoing multi-decade mega-bull. Chinese J6P-types need to be shaken out of the market (as their American counterparts were in 1987 and again in 2000) to prepare for a more sustained advance.


I would tend to agree. Maybe a little sell off if it were to happen but nothing like the one in Feb. Then more up, up,up.
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#12 arbman

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Posted 23 May 2007 - 04:45 PM

I would tend to agree. Maybe a little sell off if it were to happen but nothing like the one in Feb. Then more up, up,up.


Probably a little sell off of 30-50%... :D

#13 JAP

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Posted 23 May 2007 - 05:08 PM

When Yoda speaks, Wall Street listens. The FED must get mighty pissed when Greenspan spouts off about the markets. Market crash is imminent. Can't wait :bear: :D

#14 arbman

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Posted 23 May 2007 - 06:47 PM

When Greenspan hit the markets the last time, it rallied some 12% from the lows, who knows what they are up to? Better watch the price and volume. The breath was deteriorating prior to this sell off and so far it is not a big damage, but definitely a lot of scare...

#15 Rogerdodger

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Posted 23 May 2007 - 09:16 PM

Or does he just suffer from old man's disease?

That was my question.
Lot's of old guys missing the spotlight and running their mouths lately.
I mean, besides me.

Edited by Rogerdodger, 23 May 2007 - 09:17 PM.


#16 Duffy Duck

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Posted 23 May 2007 - 10:07 PM

Chinese stocks.


Wait a second, is this the same guy who said you can't tell that a market is in a bubble until after it bursts.

This just may be the secret handshake to buy. :unsure: