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It's not surprising at all. There have been reports of construction companies rebranding themselves as tech companies and doing a public offerings at P/E ratios
by hacknat 11y ago
It's not surprising at all. There have been reports of construction companies rebranding themselves as tech companies and doing a public offerings at P/E ratios that would make the hucksters of Silicon Valley circa 1999 blush. It will be interesting to see how it affects the rest of the world. That's the unpredictable part.
- jahnu 11y agoHow exposed to China is the rest of the world? If it's not a lot then it kind of doesn't matter as much.
- deleted 11y ago[deleted]
- perfTerm 11y agoThe GP talked about how it would affect the rest of the world and P responded to that. It wasn't any sort of discount on the suffering many Chinese persons might feel if significant financial loss is incurred through a dramatic correction of the market.
- jahnu 11y agoRight I am just talking numbers here. I'm sure we're all aware of how vaguely economic number relate to the human experience.
- galago 11y agoYour comment makes me wonder how stock ownership is distributed amongst the Chinese population. Are these losses borne mostly by wealthy speculators, or are retirement funds and small investors caught up in this? An index fund is an unsophisticated type of hedge, but it doesn't work very well if there's widespread accounting corruption.
- deleted 11y ago[deleted]
- neon_electro 11y agoWould love to learn more about that, got a link?
- rrrazdan 11y agoThere you go. http://www.economist.com/news/finance-and-economics/21652337-economic-dangers-chinas-manic-bull-market-goring-concern http://www.economist.com/news/finance-and-economics/21652337...
- sdenton4 11y agoIt seems to me that construction workers should have an excellent understanding of pivots.
- curiously 11y ago+1 clever!