With Monday’s move, the Shanghai market is in serious correction territory. Here’s a two-month chart, just in case it isn’t clear how badly they’ve sold off. One amusing story that’s come out of this: A pair of physicists wrote in a paper back in July that they expected the Chinese market to selloff starting the week of August 10th. Actually, the market made its peak a few days before that, but perhaps there’s room for physicists in the stock market yet…
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