Kass: China's Lost Decade
This column originally appeared on Real Money Pro at 7:37 a.m. EDT on Aug 28.
NEW YORK ( Real Money) -- Move over U.S. stock market, the Chinese stock market has just completed its own lost decade. It's actually a lost 11 years!
As seen in the following chart compiled by my friends at Bespoke, the parabolic move in the Chinese stock market in 2006-2007 is a thing of the past, as share prices on the Shanghai Stock Exchange Composite Index are now back to levels last seen in summer 2001.
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