China has hit a p.e of 50

4000 or something is what their index is now at...
50 times
earnings
one word
bubble
i don't care how you value it, a large can index just cannot be worth 50x
Its gonna crash by the end of this year.
Unless of course someone can find me one index which managed to sustain 50+ p.e for 1 year??
We're at only 20x but the shockwave of a meltdown in china would be felt around the globe.
Would be fun if we could get to 25-35x before the global meltdown begins.