After peaking just below 50 in January, the P/E ratio (trailing 12-month) of China's Shanghai Composite index is now at 20.95. Since China has long been considered an emerging market with high growth potential, it has historically had a high P/E ratio (average 36). However, a P/E of 20 is not unfamiliar territory for the index. Back in mid '05, the P/E got all the way down to 16.39 just before the historic rise in the index over the next few years.
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Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
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