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Originally Posted by Bugs Yea, and China is so well known for being the world leaders in corporate transparency, and they have done such a swell job of managing the market that the Shanghai composite has gone from over 5,000 in Jan, to below 2,000 currently (and folks have been bitching about the 4% DOW loss the other day). If the sky is falling in NY it must have already fallen in Shanghai. |
good point, and it's not like this is the first time, recovery happens. Some takes longer, some are fast. The SubPrime is a big fuckup, we all saw it coming, and yet nothing could have been done to stop it.
Just have to wait for the storm to pass,