Chinese Market in Full Collapse – Shuttered for Second Time This Week After Freefall
by Jeff Berwick
Dollar Vigilante
In July of 2015 we made a bold call that the markets would enter into a crisis period by the fall. World stock markets subsequently crashed and the Dow had its largest intraday point drop of over 1,100 points in August.
The third quarter of 2015 ended up being the worst for stock markets since the last Shemitah year in 2008. However, some markets staged a rebound in October and November and we continued to state that they would not recover to the summer highs and that a much bigger drop was in store for later in 2015 or early 2016. I even stated that 2016 would be a “bloodbath”.
Well if the first four trading days of 2016 are any indication, it will be! In China, it already is.
On Monday the Shanghai index plunged 7% and was shuttered for the day by midday. Then, on Thursday, the Shanghai market managed to stay open for only 5 minutes before dropping another 7% and being closed yet again!
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Source: http://financialsurvivalnetwork.com/2016/01/chinese-market-in-full-collapse-shuttered-for-second-time-this-week-after-freefall/?utm_source=rss&utm_medium=rss&utm_campaign=chinese-market-in-full-collapse-shuttered-for-second-time-this-week-after-f
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