Still have room to go down

来源: Wisdom101 于 2008-06-13 09:43:13 [] [旧帖] [给我悄悄话] 阅读数 : 0 (302 bytes)

Here is why

CSI300 (Shenzhen and Shanghai 300) P/E: 21.85
Dividend Yield: 1.12%

S&P 500 P/E: 22.01
Dividend Yield: 2.28%

I suspect the E of china stocks is inflated 2 times, so CSI300 is 2979.12 as of today, I will be buyer when it drops to 1500 which is 06 pre-bubble level.

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