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The next bubble ??? (one of them)

 

China M1 Money Supply, YoY, September + 29.5% (record increase)

 

China M2 Money Supply, YoY, September + 29.3% (record increase)(an increase of 870 billion yuan in September)

 

China's Official Foreign Exchange Reserves are back up to new record highs

 

In September, new loans rose to 516.7 billion yuan ($75.8 billion), up 34 percent year-on-year. (not as fast as they were increasing)

 

Does China remind anyone of the USA during the roaring 1920s ??? (just wondering)

 

post-7504-1256078788.png

 

As you know the Yuan is pegged to the US$

post-7504-1256078804.png

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This is interesting, has anyone posted this yet ?

 

 

October 19, 2009

The Stock Market Has Never Been This (Intermediate-Term) Overbought

 

John P. Hussman, Ph.D.

 

In reviewing the status of the market late last week, the condition of the data was something of an anomaly in that regard. On the valuation front, stocks are presently overvalued, but to levels that we've observed at least several times in history. The anomaly relates to market action, where we can no longer find a single historical instance where stocks were more overbought on the combination of short- and intermediate-term measures we respond to most strongly. Indeed, only one instance comes close, which is November 28, 1980.

 

http://www.hussmanfunds.com/wmc/wmc091019.htm (includes a chart of 1980)

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