BUSINESS

Following The Herd In China

Beijing's meddling and immature investors make for a dangerous mix in equity markets.

By Duncan Hewitt | NEWSWEEK
Published Jul 12, 2008
From the magazine issue dated Jul 21, 2008

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  • Posted By: Ibrahim Musa K @ 07/19/2008 3:11:32 AM

    Apparently this ???follow the herd??? mentality is more chronic among the Chinese than other ethnic groups. When someone strikes gold in any field of endeavor, be it investment, sports, business or education, a huge crowd will follow suit to try their luck or ability.

    The Chinese stock market has been fluctuating wildly, the investors??? sentiments are equally unsettling. The Shanghai composite index???s more than 50% plunge speaks volume of the market turbulence. The worst hit is the large group of middle income small investors, they are hoping against hope that the government will eventual intervene to bring some sense back to the chaotic stock market.

    When will the Chinese be more independent in their thinking? The herd psychology is ruining their future.
    (Tan Boon Tee)

  • Posted By: warcafte @ 07/18/2008 10:27:04 AM

    The guy Airy just like a child,whaaat the *** "evil nature"meant???naive...

  • Posted By: Airy @ 07/17/2008 7:32:59 PM

    The America's stock market fall is because American makes some mistake.
    The Chinese stock market fall is because of the evil nature of China.
    That's a double standard.

  • Posted By: Airy @ 07/17/2008 7:32:34 PM

    The America's stock market fall is because American makes some mistake.
    The Chinese stock market fall is because of the evil nature of China.
    That's a double standard.

  • Posted By: jblowe999 @ 07/15/2008 8:27:21 PM

    Globalism SUX!!!! The sooner china collapses back to the 3rd world sh*tH*ole it really is, the stronger the dollar becomes, and the less oil they consume, the cheaper it gets for us!
    Hurrah! Burn Baby Burn!!!!

  • Posted By: ndrock @ 07/15/2008 3:18:55 PM

    How bad can it get? We get all our money that Bush is spending like a drunk sailor on payday, so the question is how much cold hard cash does China really have to back up their country? Bush and the China leader motto: "let them eat cake"!!

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