Markkinoiden romahdus

Osakemarkkinat lopsahtivat, yleisesti syyksi on sanottu Kiinaa. Mutta myös mutia mielenkiintoisia mielipiteitä löytyy:

If you want to believe that some bureaucrat in China changing the margin requirements for local speculators as the cause of the US selloff, then go ahead.

Me? I prefer to believe what is right before my eyes: Decaying economic fundamentals, a complacent market that is overbought and way overdue for a correction. Add to that the single biggest positive contributor to the economy over the past 4 years – Housing – showing no signs of being anywhere near a bottom. A few more jiggles on the screen, and we there will be significant technical deterioration.

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