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发表于 2010-11-15 11:36 AM
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Here is a CNBC guest's comment on the Shanghai Composite:
While Chinese shares have skidded on the back of further tightening fears by the country's central bank, one analyst believes this is a convincing sign the Shanghai Composite is in bull market territory.
"In the long term, the pullback in a bull market actually confirms ...or reinforces the bull market," John Tang, China strategist at UBS Investment Bank said on CNBC Monday. "If there is no pullback, the bull market will die much quicker..and the height is not going to be that high," Tang said.
With the current correction, Tang said he is more convinced the market will see a "longer" and "higher" bull run.
Tang agreed that more rate hikes are in store for China, however he noted that this should be treated as a sign of a healthy economy.
"If you have an economy as healthy as China, (where the) regulator can do tightening without overkilling the economy - that's already a sign of confidence," he said. |
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