China’s stock market surged into a new high Thursday , despite the government’s efforts to cool down the overheated market. However, there are still some opportunities to enter into the market nowadays. From Reuters via Yahoo.com:
China’s stock market is dangerously high but environmental protection, water, railways and renewable energy stocks are still worth holding, fund manager and investment author Jim Rogers said on Thursday.
Rogers, in a presentation at a conference, also reiterated his view to dump dollars and bonds and stay bullish on commodities, such as oil and aluminum. Gold was still going strong, but copper prices look stretched, he added. A prominent China bull, Rogers said investors should be cautious after China’s benchmark Shanghai composite index quadrupled over the past two years. It closed at a record high on Thursday. [Full Text]
