Hangz

Olympic Excitement Doesn't Impress China's Market

I don't think such patriotic Olympic-related buying thing exists in China. We buy stock only because we think we may possibly sell at a higher price with a profit. With regard to government inspired buying, I also suspect if it is real. Yes, I've heard and read many rumors about it, but I don't believe. It's market economy (even not 100%). Investors are not idiots. How many times have those rumors turned out to be jokes?

The stock market went down today. My stock value plummeted heavily for the past two weeks. But as a long term investor, I just don't worry too much even the world economy is on the verge of recession. I expect the economy to recover in mid or end of 2009.