Chinese Stocks Trade Higher, Down by Just 0.58%

This is a major success for the PBOC, avoiding the ordinary 3-5% decline in favor for a rip roaring market, down just 0.58%. The Samurai in Japan aren’t as lucky. Their markets are being walked down by almost 2%. And oil has recovered most of its losses, down just 1.75%.

Down a little is the new up.

In other news, Chinese regulators are wiping egg drop soup off their faces, trying to explain the recent spate of monumental and epic failures. To remedy this issue, they will likely commit wanton acts of piracy against American institutions to learn about how civilized people regulate criminals trading in the market.