The market has been consolidating right at the top for a few months now and it seems very difficult to predict where it's going to go next as it had always been. Having said that, there will always be incoming new investors on board who are intrigued by the seemingly "successful" safety boat in the market by plunging right in without requiring sufficient research on the product itself. After all, everyone makes easy money during the bull market. Well, maybe not everyone but almost everyone.
You may have heard of the story that Joseph Kennedy sold his stocks on the cusp of the Great Crash of 1929 after a shoe shine boy shared trading tips with him. There was strong evidence that the surge in the recent China's equity markets was driven by momentum rather than fundamentals. For instance, China brokerage firms recently reported a triple increase in the amount ......