"Black Thursday"

Shanghai Composite -- China's stock market drops almost 5% this Thursday.
I know that a lot of people have positions related to China's stock market, so i think it's an important issue to discuss the reason why it drops and the future trend of the market.

There are lots of view about the reason why it drops. Like the news of the exchange of the A share and the H share. and the new issue of the China Petroleum & Chemical Corp in the market.

I personally think that the main reason is the most simple one -- the market is just too heat!!
Too many "hot money" flow into the market, which cause the stock price are over-valued. Actually i will think that the drop is a good think for the market. It can prevent the market too heat and prevent the bubble economy.

Hope to see someone can share other view of the marekt!!