Shanghai and Hong Kong stocks built on their recent rally Thursday as traders awaited fresh pledges of stimulus from Chinese officials a day after they announced a measure to boost bank lending, though other Asia markets fluctuated.Hong Kong and Shanghai rose for a third straight day on hopes Beijing will put in place more help for the stuttering economy after Wednesday's decision to cut the portion of cash banks must keep in reserve, a move aimed at freeing them up to lend more.
The asset-bubble expert and president of Hussman Investment Trust forecasts a frightening collapse in stocks, saying the current rally will "end in tears."