Ｉｎｄｉｖｉｄｕａｌ　Ｉｎｖｅｓｔｏｒ’ｓ　Ｉｎｓｉｇｈｔ：Ｊｏｙｓ　ａｎｄ　Ｓｏｒｒｏｗｓ　ｉｎ　Ｃｈｉｎａ’ｓ　Ｓｔｏｃｋ　Ｍａｒｋｅｔ

Ｊｉ　Ｙａｎｇ

In the past 18 months, Chinas stockmarket staged a soul-stirring andexciting drama. The ups and downsof the index seemed to be the onlyimportant number in peoples life. Froman eight-year low of 998.22 points in mid2005, Chinas stock market has been on abullish run to the point where the bench-mark Shanghai Composite Index at onepoint topped the 6,000 point barrier.After peaking at 6,092.06 points onOctober 16th, 2007, it seems Chinasstock market has passed a crossroad andhas since been on a downward trend.