Submitted by Tyler Durden on 12/30/2014 - 18:45
The speculative fever in Chinese stocks has reached 11 on the Spinal Tap amplifier of euphoria. Last week saw a stunning 900,000 new stock trading accounts opened - the most since October 2007 (right before the Shanghai Composite collapsed 70% in the following 9 months). With real estate prices floundering, everyone and their pet rabbit is piling into Chinese stocks, as one 'investor' explained to The NY Times, "almost everyone I know is investing, so I think I should be investing, too."
OH OK

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.