Shanghai Composite on Monday
Discussion
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.
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
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