the China bug goes on: CHL going back to Shanghai

http://www.chinadaily.com.cn/bizchina/2007-01/01/content_772983.htm

next up: PTR, CHA, CN, CEO...

history is to repeat, Shanghai index will challenge 5000 in 2007 likely, a mirror of Nasdaq in 1998--2000,

reasons are currency appreciation + macro/micro economy + foreign investment + multiple expansion etc etc... if we can assign PE 40 for ICBC, why not PE 40 for CHL, it's the biggest mobile company of the world after all, and let's get PE 20 for PTR, any reason why it should be a small brother to XOM then?

but do we really need a reason? It's just one another loop of self-feeding self-enforcing self-magnifying process. Human's group greed behavior in display.

sure it's printing money... why not? Someone is waiting to pay for it.

future is now, until we pass the future over,