omodes123

Anatomy of a Chinese Bubble: A Checklist For Spotting Bubble Tops

what you don't understand is that fact that people in china are frenzied for money and this is really the first time they've had a chance to get a taste of it. Instead of hiding money under mattresses, people actually have the courage to invest. China should still be considered a growth market with double digit GDP growth. image what our boom would have amounted to if we were sustaining growth at those levels. China has some catching up to do. Think the inverse of what you just said: "what a wonder world we would all have if Chinese people could make just as much money as Americans". Instead of tens of millions of ipods sold apple could have sold several 100 million. The world is in dire need of an expansion to the "first world" markets. this is only the beginning...

Take a look:
finance.yahoo.com/char...;range=20020930,200706...

Anatomy of a Chinese Bubble: A Checklist For Spotting Bubble Tops

You mention that CHL and SNP are trading within reasonable evaluation. I would image there were companies within the same sector which remained reasonably valued as well - and after the bubble became gems. You need to compare SNP with energy sector stocks probably most similar to VLO. If one invested in VLO 2002 post bubble you would be up over 1100%. In fact the bubble doesn't even apply to VLO - starting 2000 you would be up over 1400%. I believe there are still value picks in the mix.