CHART OF THE DAY: There's Still A Major Stealth Bear Market In These Chinese Stocks

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The Shanghai market has rebounded nicely since its slump early in the year, but if you look beneath the hood it’s not all roses.

A new report from Rodman & Renshaw points out a major divergence between big blue chips and small caps, the latter of which are still sharply lower for the year.

The culprit? Increased scrutiny and scepticism.

Remember that shady Chinese travel agency listed on the NYSE? Who knows how many of those companies lurk among the masses of publicly traded Chinese stocks.

chart of the day, china cap, october 2010

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