re: Massive hack underway? NYSE, United, ???

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Back on track. China lost the equivalent of $3.5 TRILLION recently in their market. Their banks are trying to buyback a bunch of stocks/bonds, but only to the tune of $19 Billion. They are spinning out of control downwards.

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The trigger in China’s case is perplexing. Yes, the stockmarket is down a third over the past month, but that has simply taken it back to March levels; it is still up 80% over the last year. Growth, though slowing, has stabilised recently. Other asset markets are performing well. Property, long in the doldrums, is turning up. Money-market rates are low and steady, suggesting calm in the banking sector. The anticipated correction of over-valued stocks hardly seems cause for much anguish.

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