The real fun comes tonight in the Asian markets. China has lost 20% in two weeks in their markets. Those people are ready to hit the exits. I wouldn't look to them for any calming effect. It used to be they could take the edge off a bad market here. They seem super spooked over there.
The average time a stock is being held over there is one week. And apparently everyone has turned into a day trader because people must not be making any money other than in the stock market. It's terrifying almost everyone.
Remember - when our economy was shit - China was the only thing holding up the whole world.
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