China's stock market is red-hot.
After dropping 6.5 percent last Thursday, the Shanghai composite has bounced back to a fresh multiyear high. But as the index is already up more than 50 percent year to date, one market participant has a simple message for investors: stay away.
"I think this market is so overheated," David Seaburg, Cowen and Co.'s head of sales trading, said Monday on CNBC's "Power Lunch." "It is totally stimulus driven right now and I wouldn't touch it with your money."
According to Seaburg, the recent rally in the market has been propelled by "euphoria" and there appears to be no fundamental backdrop to the surge. "You even have the government coming in and talking about the fact that we're in bubble territory," added Seaburg.
"I question, 'Can you even short this market?' And it's very difficult to answer given the fact that you never know which direction China is going to move in," he said. The index is up more than 140 percent in the past year. "Stay away from this market."