ML China Says Prices "Out of Control"
[quote]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.