atans1

China’s mkt in revulsion stage?

In China, Financial competency on 09/07/2015 at 1:02 pm

Platers are so -sick that they sell despite whatever the CCP is ordering, doing?

THE great Charles Kindleberger described the pattern of how bubbles form and then burst in his book “Manias, Panics and Crashes”. His model, which was linked to the work of the economist Hyman Minsky, saw the process as having five stages: displacement, boom, over-trading, revulsion and tranquillity. China looks like it is following the model pretty closely, having reached stage four already. The Shanghai Composite rose 130% between September 2014 and June 12 this year and has fallen 31% since then, with another 6% decline today [yesterday].

http://www.economist.com/blogs/buttonwood/2015/07/chinas-stockmarket

Ewcovwewd a bit today

 

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