Wesco Annual Meeting Notes 2007posted by MR WAVETHEORY at 9/17/2007 08:14:00 AM
Is the Chinese stock market a bubble?
The Chinese market is divided into two parts: Shanghai and Hong Kong. The Shanghai market shows some signs of gross excess and I have no interest in what’s traded there given prices at present. But there are other parts of the Chinese market that are at least interesting. We don’t comment on individual securities for obvious reasons.
Note the annual shareholders meeting happened on May 9, 2007 which is about 4 months ago - and subsequently the China stock market has gone up even higher! It just goes to show that bubbles can go on much longer than you expect them to - until they've proven everyone wrong!