Finally, there is some competition in the global stock market and, this time, from Asia. No, it is not achche-din India that we are talking about but sleeping dragon China, which finally seems to be breathing fire. With the Shanghai Composite Index closing above the 5,000 level, the combined value of the companies listed on the index is estimated to be about $9.7 trillion, as compared with $4.8 trillion at the end of 2014. The index has jumped almost 150% over the past year, and currently trades at 25X earnings. If all these mind-boggling facts were not enough, consider this fact — just about a year ago, the index was at its lowest since 1998.
Scaling the great wall
The Shanghai Composite Index is at a new 52-week high
To make this market exuberant enough for a bust will take considerably higher prices
Companies that maximise per share value, even if they don't grow will be great bets
Once we get over all this macho 'I can do everything on my own' nonsense, Life is much better
Engines of 'influence' work exactly the way power flows when you flip a switch
You want to see a business model that makes sense now; it is hard to change later on