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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,434 Blog Posts

CHINA ROUTED BY 5% ON HIBOR CONCERNS

Dr. Fly Mon Jan 11, 2016 2:02am EST 1 Comment

China is getting smoked out, with the Shanghai down 5% and Shenzen off by a mere 6.5%.

Shanghai

The selling worsened after the HIBOR spiked to a new record high, giving the plebeian Chinese farmer one more reason to sell down their overly margined, bullshit, brokerage accounts.

The Hang Seng is off by 2.4%, Brent is off by 2.65% and U.S. futures have reversed lower, now down by 10 on the Spy.

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One comment

  1. bensteinsmoney
    bensteinsmoney
    January 11, 2016 at 4:18 am

    Futes have now turned up with SPX +10 and DOW up 75 … 1901 is the line in the sand for Bulls. A drop below results in confirmation of a bear market.

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