After the spectacular mean reversion of the last 6 months the near-term top in the Shanghai appears to be classic post-bubble price action. Are we staring at years of sideways to down action?
The history of bubbles would lead you to believe so:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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