It's not working.... China down another 6% overnight... Ouch.....
http://www.bloomberg.com/news/articles/2015-08-25/pboc-injects-23-4-billion-as-yuan-intervention-drains-funds
4 replies (most recent on top)
we just need Blogger Bernank to tell us that China is contained, like subprime mortgages.
Don't forget the 0.2% yuan devaluation as the icing on the cake!! Will be another fun day tomorrow on this forum as well as the finance forums!!!
We had a 50+% drop in 08. Shanghai close below 2000 will accomplish the same. And that's only the 2nd bubble to burst over there. S&P below 1000 would be the 3rd one in a row for US. Soon, banks will pay YOU to take out any loans!
ASHR puts have been fun. Should be more fun tomorrow. at least it offsets the tech stocks i have!