China’s “Judgment Day” Arrives – Malicious Sellers Slam Stocks Below Communist Floor

Friday, August 21, 2015
By Paul Martin

by Tyler Durden

Chinese media are describing tonight’s market action as “Judgment Day” for China, as SCMP’s George Chen explains, the crusade of ‘malicious short sellers’ against the Communist central planners and their ‘funds’ is in full swing. The “manage-the-economy-by-technical-analysis” strategy appears to have failed as Shanghai Composite has broken notably below its 200-day moving average – which six times before has been defended aggressively. Chinese Stocks are back at 7-week lows, just off the crash lows in July.

The Rest…HERE

Comments are closed.

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter