China 2007 vs. NASDAQ 2000

"Matching these peaks this way, a chart of the SSEC from 2005 until today corresponds with the NASDAQ from mid-September 1997 to mid-April 2000. This provides a trading-day-by-trading-day comparison of how the SSEC mania is matching up to the NASDAQ mania. Just as suspected based on trading news out of China, the SSEC’s progress over the last 18 months matches the NASDAQ mania’s final 18 months remarkably well."
"Incredibly this perspective reveals that the SSEC’s mania ascent is not only comparable to the NASDAQ’s, but it is considerably more extreme!"



"Why is this interesting? In stock-market history, popular manias usually do
n’t ignite rapidly. The NASDAQ mania capped a monster 17-year secular bull that launched way back in 1982. China’s bull, on the other hand, actually began in mid-2005. Before that its stock markets had been trending lower on balance since mid-2001. To see a market go from a secular bear low to a mania in just two years is extraordinary."