Disagree, been trying to work out what the hell caused that choas, not a fundemental trader, so nice simple explanation works for me.
So China's going under and taking everyone else with it.
2nd Black Swan this year, there was chatter on today being BAD though around atleast this time.
The Trend before the big move held, but as most try to pick tops they'd of likely been short and therefore most likely got slapped badly, but smart money knew it was coming no doubt.
The Trend be your friend, until it smacks you in the face!9
Why do you call the inevitable a black swan?
I bought a load of ashr last year on hearing 2 billion had been opened in retail accounts in one week alone. That had bubble written all over it. Arent I clever? Unfortunately not, as I sold out way too early. Could have done 3x, so should have at least got 2x. Hindsight eh? It had to pop though. I dont bother with stocks anymore.
The stupidity of the lil' commie bastards trying to prop the mess up last few weeks will have hurt them bad. It will only hurt them further down the line.
Here's a tip for you in future reference: As soon as you see increased distribution and infrastructure channels opening up, get the hell out of dodge.
Recent examples:
Past: Gold a few years back - loads of adds all over TV offering to buy unwanted gold jewlry.
Present: HKex opens Shanghai stock connect link to give foreigners access to the lil' commie market...
Future: Any ideas....?
