– China Crashes Most Since 2007 Amid “Panic Sentiment”; Over Half Stocks Suspended, PBOC Promises “Liquidity Support” (ZeroHedge, July 7, 2015):
*CHINA TRADING HALTS LEAVE 54% OF ENTIRE STOCK MARKET FROZEN, CHINA’S SHANGHAI COMPOSITE INDEX FALLS 8%, MOST SINCE 2007
There’s “panic sentiment” currently in our stock market with “unreasonable selling” pressure – China’s stock regulator spokesman. PBOC TO KEEP SUPPORTING CHINA SEC. FINANCE FOR STABLE STK MKT…
Since June 12, China has lost nearly 40% of its market. Removed 28 companies from the exchange. Big player greedy guts prohibited from selling for six months or any IPOs until further notice.
Pity our greedy guts don’t take heed, this ought to be a warning for our markets which are just as hollow as China’s.