I have pointed out in the past as to how the Shanghai stock market has been quite frothy of late and might presage a general collapse of world bourses like what happened in 2008 ... see: The Next Bubble. Now this Chinese stock market has declined 15.2% in the last five trading days ... see the chart below:
To me this may be a disconcerting trigger to corrections in similar markets around the world ... particularly if this swoon continues in Shanghai for the rest of this week. I haven't yet liquidated my investments ... but I am sorely tempted.
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