Second biggest Bubble?

My Dearest Moo Moo Cow,

I noted that FSO has a new market commentator and Mr. Gary Dorsch decides to do an editorial on the current hottest topic in the financial world, Greenspan on China:

Guru Greenspan Turns Bearish on Shanghai Red-Chips

• Guru Greenspan is now predicting that the world’s second biggest bubble, the Shanghai Red-chip stock market is about to deflate in a very big way. “It is clearly unsustainable. There’s going to be a dramatic contraction at some point,” adding that a market correction could also cause problems for Chinese personal wealth. The Shanghai Red-chip market soared 130% in the past year, hitting an all-time high of 4,205 on May 24th, and is up 56% so far in 2007.