Amateur Investors Continue To Fuel ‘World-Beating’ Equity Frenzy

Amateur investors continue to fuel ‘world-beating’ equity frenzy

To get a sense of the frenzy in China’s world-beating equity market, consider this: In a two-week span last month, the rally lured 2.8 million rookie stock pickers, almost the equivalent of Chicago’s entire population. The number of new equity accounts surged to a record in the two weeks ended on Friday, five times the average…