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The Last Time This Many 'Investors' Chased Chinese Stocks, They Crashed 

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Wed, 31 Dec 14 12:02 PM | 51 view(s)
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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."

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