Posted on 07/07/2015 11:18:21 AM PDT by Perseverando
The Shanghai Composite is went up 100% since last November(2500 to 5000). It was up 80% year to date until about the beginning of June. It has dropped 47% from its high. However, that means it is still UP for the year.
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#{”allowChartStacking”:true}
Check out the 1 year chart and 5 year chart. It was on a fairly even climb until last fall and then exploded to the up side. It is giving most of that back. So far it is still above the long term chart trend line.
If you extend that chart out to ten years you will see the spike in 2006 to 5900 and fall in 2007 all the way 1728. So, IMHO this current correction could only be about half done.
Wow. 1/3 of the first part of U.S. debt in only 3 weeks. Wow.
Bush's fault, obviously.
Information coming out of China is more tightly controlled than from Greece, so most of us are unaware of their problems.
Oh yes. No doubt Sarah Palin was involved, too.
Can’t “call” a T-bond.
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