1.2.6 For most of 2014 and the early part of 2015, the Wall Street Journal had suggested that the Chinese stock market was grossly overvalued even while it was breaking all time records monthly. Its argument was that the risk factor of stock was being increased dramatically due to decreased stability in the economy and the gloomy prospects for continued long-term growth. Illustrate how this assumption about the economy leads to a rational bidding down of stock prices.