Two points:
No, Wall Street does not have balls . . . Dalio is an ass clown, so are the rest who went to bat for China, like Jeffrey Sachs and Black Rock and a few Morgan Stanley old-timers. Putting Chinese stocks in the MSCI indices was a mistake.
And second, stop with the bullshit conspiracy crap about China propping up Wall Street . . . the S&P 500 ALONE has a market capitalization of $38 trillion. Should it be that high? No, the Fed has certainly played a role. But at a 25% discount for that we are still nearly $30 trillion.
NO ONE has the ability to create that except OUR WEALTH CREATION ENGINE as a people. No matter how awful things get in the country we are STILL the most entrepreneurial people who EVER LIVED.