China Stocks Set for Crazy Rally
At least thats the opinion of Jim O'Neil, chairman of Goldman Sachs Asset Management, of BRIC fame. He appears to be a lot more bullish on China and other emerging markets like Russia, Turkey, Indonesia, and Mexico then the general market. Inflation has been a huge concern in China for what appears like two years now considering the China stock market has been flat since mid 2009. China originally led the rally off the bottom during the financial crisis so its very plausible that China might be set up for the next leg up. The economy has been growing at 10% per year and the market is virtually flat. That doesn't compute. Tidbits from the Bloomberg interview or just watch the clip below: The view that “the West is in trouble” is wrong when nations including Germany, Sweden, Australia and Canada are performing strongly, O’Neill said in an interview with Bloomberg Television in Hong Kong, recorded yesterday and broadcast today. Investors should “stop worrying so much,” ...