Wednesday, February 28, 2007

Sleeping Dragon, Indeed!

Interesting NY Times article about the Chinese stock market, "slot machine," as they apparently call it:

“I don’t know how to choose a stock,” says a 61-year-old retiree who gave her name as Miss Hou at a local brokerage house a few weeks ago. “But I trust those technology companies. Maybe the names of some companies sound lucky to me, so I choose to buy these stocks.”

oh, my. This is worse than I thought. Maybe they are as stupid as we are?

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