Shanghai Composite on Monday

[jeff m2]

Monday close. Whadaya reckon?

Currently 4.287, logic says it should net be that high because China has slowed, but is elevated due to IPOs that were a bit underpriced causing a feeding frenzy.

China announced that it will allow fund managers to lend stock (enabling shorting) which caused Europe and the US to have a pretty bad Friday. (Greece didn't help)

My guess on the close is 4,169

Could of course be a lot worse, I hope not.

Edited by jeff m2 on Saturday 18th April 18:24

[Birkin1932]

http://www.telegraph.co.uk/finance/china-business/...

[ellroy]

Finance?

[hidetheelephants]

Another fking bubble. Just what the world economy needs, another fking bubble created by morons piling into a bull market, buying things they don't understand with money they don't have; what could possibly go wrong?

[Ginge R]

The Chinese Central Bank reduced capital adequacy requirements this morning, by 1%.

http://www.reuters.com/article/2015/04/19/us-china...