FYI Japan held the Olympics in 1964. And yes, a large recession(worst in a decade since the Korean War) developed after the Olympics.Does anyone speculate that Chine looks like Japan of the 80's before they hosted the olympic games? Some also speculate that there is much corruption in China, for example building 12-13 olympic size sports stadiums, while they have no teams to utilize them after they are built, can anyone shed some light on this? Also 08/08/2008 should be considered a very lucky day in chinese culture as the number 8 is considered to be good luck, maybe many chinese will jump into the stock market ill-informed and then crash the market when they all lose their shirt due to lack of investment knowledge? Anyone else have any speculations, why is China a better investment country then Brazil or Russia, I think it is going to burst personally so I am not making any chinese investments - does anyone else feel the same?
Korea hosted the Olympics in 1988, and yes, the economy went sour right after the Olympics.
I'll go into a more detailed discussion later on. I don't think that Chinese stocks are a good investment now, I am only covering them from a trader's point of view. Chinese stocks are highly overvalued even from a boom perspective. And of course you have accounting regulations changing in 2007 that allowed companies to mark-to-market their assets and that led to huge increases in "profits" reported.
I think I've mentioned the curse of the Olympics some time before, I'll elaborate later.
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