There’s no bear market here
Bob Morris @ Apr 2nd 2008 07:09 - Category: Unfiled
At least not compared to China, where the Shanghai market is down 45% in six months.
Hordes of housewife and businessmen stock traders have gotten wiped out. Some invested all of their life savings in the market while others made things even worse by being margined.
The US dot com implosion was mild compared to this. It occurs to me that in both of these bubbles then implosions, these little stock traders were only going long. Had they been shorting the market, they’d still be in the game.
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