Wednesday, August 19, 2009

Bear Season in China

For the fourth time in six days, China's Shanghai Composite finished down more than 2.5%. On an intraday basis, the index is down 20.6% from its high just over two weeks ago. On a closing basis, the Shanghai Composite is down 19.9%, which is dangerously close to the 20% threshold for a bear market.

Shanghai 2009

No comments:

Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.