Word: olympicsized
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When Chinese stock markets soared into nosebleed territory, quadrupling in 2006-07, Chinese mom-and-pop investors tried to convince themselves they would be spared bloody noses because Beijing was hosting the 2008 Summer Olympics. Feel-good investor sentiment surrounding the August Games, the thinking went, would prop up overvalued...
The awakening from these Beijing dreams was as rude as it gets. As of April 15, the Shanghai Composite Index has slumped 46% from its Oct. 16 peak. The global credit crunch, the staggering U.S. economy, and China's efforts to tame inflation and cool unsustainably fast economic growth teamed...
The question is not as absurd as it may seem. Hosting the Olympics can boost the profits of host-city construction companies and tourism-related companies such as hoteliers. But is there a correlation between overall stock-market and economic performance and the Olympics? We decided to do a little...
This information isn't complete or compelling enough to make predictions. Indeed, after the tumble its markets have already taken, China seems almost certain to join the losers bracket. Slowing global economic growth will likely be an overall drag on profits through the end of the year at least, and...
It may not comfort those burned by China shares, but our survey showed that markets in seven out of the eight countries posted gains during the year after the Olympics. (The big loser was Germany, where stocks fell 26%, while South Korea gained less than 1%). "Hopefully at some point...