[Carry_Okie]

Since the Shanghai Composite peaked in June, it has lost 28% of its value. Massive intervention by authorities in Beijing engineered a rebound for the country’s stock markets earlier this month, but Monday’s selloff eroded much of that recovery.

28% is a correction, not a crash. From 1929-33 the Dow lost 85% of its value. That's a crash. From 1966-82, it lost 81% of its value. We don't call that a crash, but it sure as hell was nasty. From 2007-2009, it lost 46%.

That money being put into Chinese cash has to go someplace. We'll see.

[Kartographer]

Give it sometime. You just compared a few weeks to a several years in your examples, give China some time to race to the bottom.

[Sequoyah101]

My Dad was down on stocks all through the 60s and 70s... it imprinted on me. I didn’t understand why he was that way though then, I was only a child. I thought it was just his well entrenched Depression Era childhood but I see now that it was his appraisal of the situation.

In actuality, on an inflation adjusted basis the worst of the era was that an investor in 1950 had the same amount in 1982!!! That is well and truly sickening.

http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

[ken5050]

It’s a start..a good start...and it’s gonna get a whole lot worse.