Every time China's Shanghai Index punched above 3000, it soon turned into "froth" and was, subsequently (and easily) blown away, only to retreat back into a large sideways Chaos Zone in between 2000 and 3000, as shown on the following monthly chart (SSEC).
Notwithstanding all of China's multiple efforts to shore up its considerable economic woes over the decades, nothing has been successful in the long run...and that's undisputably reflected in this chart.
Today's price is the same as it was in March of 2007.
I doubt this scenario will change any time soon...although, it may worsen if/as conditions deteriorate/warrant in the foreseeable future.
