"Profit from your knowledge!"
The Bull Bear Trader discusses market events and news with an interest in understanding risk and return in both bull and bear markets. Discussion topics include trading and hedging strategies, derivatives, risk management, hedge funds, quantitative finance, the energy and commodity markets, and private equity, as well as an occasional investment opinion.
Wednesday, April 23, 2008
Shanghai Composite Up Quickly, Then Down Quickly
The Shanghai Composite market fell below 3,000, after rising as high as 6,000 just four months ago. The composite first approached 3,000 in the first quarter of 2007, on its way to over 6,000 in October. The recent sell off has the Chinese stock exchange worried, causing it to include rules that restrict large share sales by controlling investors, thereby reducing the amount of new paper hitting the market. So far, the new rules are having little impact.
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