Boiling money

"At this level, the market hardly looks cheap. At Friday's close, the Hang Seng Index was trading at a valuation of 15.6 times estimated earnings for this year, up from just 9.5 two months before."

" In fact it's a shade higher than the index's average valuation over the last 18 months of the 2003 to 2007 bull market, which works out at just 15.5 times." Tim Holland 090511 SCMP


而家買仲貴過牛市價，但唔代表唔會繼續升。
熱錢越燙手，蒸發得越快。
善價而沽。