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Shanghai index up nearly 9% in 1 day. Trading like a MEME stock!!!!!

Discussion in 'Wall St. News' started by S2007S, Sep 30, 2024.

Daal
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SunTrader said:
(CNBC)

Different from 2015’s bubble
Major Chinese indexes surged on Monday, while trading volume hit a record high, according to Wind Information. While that may remind investors of the 2015 bubble, when the Chinese stock market doubled in value over six months, analysts think things are different this time. For one, the economy is still struggling, which is expected to weigh on spending during the Golden Week holiday this year, according to analysts.
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Yeah its different now, chinese markets are much cheaper so it could do a 3x from the lows

#11 Oct 1, 2024

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