Chinese stock market
After a day when the margin departments across America deserve combat pay,US presidential candidates made political hay out of what has been a 6 Standard Deviation drop in the S&P 500 since last Wednesday’s close. Unhealthy relationship with China? Er, they only represent about 2% of US GDP. Rigged markets? Even the evil Wall St. institutions wouldn’t purposely undo 10 months of rally in 3 trading days. Look, I don’t blame them for trying to make news, but they promote the myth that a President, or anyone, can have some control over a random market. Ultimately , the market will do what it needs to do to correct itself
That'll sort it then
China cuts interest rates after days of market turmoil
http://www.bbc.co.uk/news/uk-34052618
China cuts interest rates after days of market turmoil
http://www.bbc.co.uk/news/uk-34052618
How farmers from rural China bet on the stock market and lost
https://www.washingtonpost.com/world/as ... story.html
https://www.washingtonpost.com/world/as ... story.html
- marksmeets302
- Posts: 527
- Joined: Thu Dec 10, 2009 4:37 pm
sounds like Nan is not gettin' any soon