Friday, July 31, 2015

China Stocks in One Chart

A thumbnail chart of the Shanghai Composite index is enough to tell the story: stocks doubled between November and May, then in a few weeks fell halfway back.

Some analysts are comparing the chart to the Nasdaq composite in the 2000 dot-com bubble. Others see echoes of 1929. No one has proposed a historical point of reference that would have the market bouncing right back.

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