Middle Kingdom Mania
Tim Knight | Apr 09, 2015 04:06PM ET
The folks over at ZeroHedge have been doing a lot of breathless commentary, lately, about the surge in equity prices in China and Hong Kong.
To be sure, Asian markets have been roaring lately; but just for a bit of perspective, here’s the exact same (ARCA:ETF) showing the recent surge (the tiny one on the right) compared with a slightly bigger rise in the mid-2000s. Now that was a rally. Of course, what followed that rally was more my cup of tea.
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