Teenagers buying China stocks may indicate serious bubble

“The lure of flush times on the Shanghai market is sweeping in unlikely investors by the hundreds of thousands. This week, both the China Securities Daily and the Beijing Morning Post had dueling reports about recent college graduates and, yes, teenagers buying shares.  Typically these young investors speculate with money given to them by their parents.  Yet another report relates that at the Beijing trading halls of China Securities Co., ‘even the cleaning lady’ has opened an account to play the market.  The data appear to agree with the anecdotes: Within the last week alone, 1.14 million stock accounts were opened in China, the biggest such surge since June 2007.”

http://www.marketwatch.com/story/china-stocks-may-be-in-serious-bubble-2015-03-26

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