Almost all markets are down today.
Shanghai, over 7%'s slump.
Australia, worst fall since WII.
I feel it might be a beginning of a bear market for Aust. and other western countries.
But not for China.
In the past, China was always the one escape from the effect of US. Why not again this time? Sounds to me like someone (might be the fund companies) purposely gave out some negative information...
It's said US would lower the interest rate 75bp tonight.
Let's wait and see.
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