ML China Says Prices "Out of Control"
May 18 (Bloomberg) -- Merrill Lynch & Co.'s China chairman
said investors should pare their holdings in the nation, where
the benchmark stock index has rallied 84 percent this year.
Valuations are too high and it's getting out of control,''
Liu Erhfei told a private equity conference in Beijing.This is
a good time to exit, which by definition means it's a bad time to
When the man from Merrill isn't bullish....
I think it was Goldman that came out earlier calling it [Chinese stock market]
a speculative bubble. But I predict no slow down in toilet paper sales.