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Seriously. The average P/E ratio for a stock on the mainland indexes was 84. For a frame a reference, Facebook's is around 78. There's no way that could last.
by jmsdnns 11y ago
Seriously. The average P/E ratio for a stock on the mainland indexes was 84. For a frame a reference, Facebook's is around 78. There's no way that could last.
- snarfy 11y agoWow. If that was the average, that's insane. Anybody investing in that market was gambling on the hype keeping it going.
- TheOtherHobbes 11y agoTextbook bubble. When widows and orphans are borrowing money to gamble because they've been told it's a sure thing, it's time to get out.
- jmsdnns 11y agoHere is my source, btw: http://www.bloomberg.com/news/articles/2015-06-16/china-bubble-debate-turns-to-when-not-if-stocks-will-tumble http://www.bloomberg.com/news/articles/2015-06-16/china-bubb...