A stock market analyst I know recently left his job at a Shanghai-based brokerage to take up a new position running the trading team for a private investment company. (See the May cover story for details of how these private investment companies are widening their interests from purely stock trading to incorporating private equity as well.)
This analyst is in the process of recruiting staff and he told me the other day that he hopes to be up and running in June. Had he started in mid-April, he could have taken advantage of the market’s descent to around the 3,000-point mark and its subsequent rebound to 3,656.84 (as of May 8).
“Don’t you wish you could have opened for business a bit earlier?” I asked him.
“Maybe the SCI will nosedive to 2,500 in the future, who knows?” was his response. “The market is full of opportunities.”
Don’t you just love volatile stock markets?