Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Must-read, must-follow, one of the finest property analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for in-depth analysis' - David Scutt, Business Insider.

"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts, the most comprehensive analyst I follow in Australia...follow Pete Wargent' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

'Superlative work' - Grant Williams, founder RealVision.

Thursday, 25 June 2015

China stock bubble

Red alert?

For anyone feeling brave, here are the technicals.

After holding support the SSEC followed through higher to close at 4,690.15.

There is resistance at 5,030 and "support" (of sorts) at 4,530.

To put this in context the index has exploded higher from below 2,000 in only March 2014.

Stock markets in China have added $6.5 trillion in 12 months, while there are alarming stats being reported about the inexperience (or otherwise) of China's new breed of investors.

It's a monster stock bubble of epic proportions.

And it will probably end in tears.