Friday 13th July 2007
There's more froth in this market than we've seen since 2000. As we tend to do at parties, it's time to start popping a few balloons.
Bubble warning: CFII (1227)
Webb-site.com warns investors to avoid China Financial Industry Investment Fund Ltd (1227), a closed-end investment company trading at over 28 times its net asset value. We also find a surprising addition to the ranks of its independent directors. (13-Jul-07)
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David M Webb