NEW YORK (MarketWatch) -- China's A-share market is expensive and a bubble is probably in the early stages of formation, though it's not a "full-blown" bubble yet, Credit Suisse analysts wrote in a research report released on Friday. "The amount of excess liquidity available to the stock market is now more abundant than at any time from the early 1990s onwards," analysts Vincent Chan and Peggy Chan said in the report. "Without either monetary tightening and/or a sharp rise in nominal economic growth, it could be very difficult to prevent a huge and damaging bubble from emerging." The Shanghai A-share index has soared 79% this year, while Shenzhen's A-share stock index is up 97% in the same period. http://www.marketwatch.com/story/bubble-emerging-in-chinas-a-shares-broker-says-2009-08-07 Bubble ? Never. It's called "irrational exuberance". LOL !!!