Happy New Year’s!
Chinese markets broke through the floors boards, falling by 7%, causing officials to say “fuck it” and just shut the whole thing down.
Chinese stocks plunged Monday, spurring a trading halt for the rest of the session and leading stock markets in Asia Pacific lower after feeble manufacturing surveys revived concerns over the durability of the country’s economic recovery.
The Shanghai Composite tumbled 6.85 percent to 3296.66 and the Shenzhen Composite plunged 8.1 percent. The CSI 300 was down 6.98 percent; when that index rises or falls 7 percent, a trading halt in China’s markets is triggered for the rest of the session.
Circuit breakers are in effect. Other Asian markets are following them down the sewer drain. Dow futures are now off 158.
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That should generate the first OS signal of the year.
BTFD ’till you’re broke is clearly the best strategy for 2016
Let’s see
I suspect many phones are ringing this hour.
The Holiday is over! Man your station.
Probably the right strategy, but I swear I just read about 5 different people saying they are going to buy the dip at open the last 3 pages I’ve been to. Doesn’t seem like all that much fear.
CHRISTMAS IS OVER, AND BUSINESS IS BUSINESS.
Picked a hell of a week to quit ……..
This should have happened a year ago…bubbles take forever.