The Shanghai Composite made a new low in Monday’s trading. The country’s uber bear market seems to have been taken off traders’ radar as global markets obsess over the U.S. fiscal cliff.
At the lows on Monday, the Shanghai Composite was down 67.41 per cent from its October 2007 high. This gives new meaning to the term “shitting BRICs.”
Wow! Cramer thinks China is turning. Double bottom? Gotta hold Monday’s low. Stay tuned.
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