Why were the trend in Wall Street so volatile on Monday?
Because it was Monday.
Brokers had the weekend to plot their course. That is why Monday was a real roller coaster ride. The brokers are isolating China. So, while they were at it the soft stocks with sincere problems were abandoned as well.
August 25, 2015
By Samuel Shen and Nathaniel Taplin
Chinese stocks tumbled again (click here) on Tuesday, despite a rebound in markets elsewhere in Asia, as investors despaired at the lack of policy action from Beijing in response to recent data suggesting the downturn in the world's second-largest economy is deepening.
Major Chinese stock indexes nosedived more than 7 percent, hitting their lowest levels since December, following their more than 8 percent plunge on Monday that sent shockwaves through global financial markets. [MKTS/GLOB]
China, one of the main engines of the world economy, has overtaken Greece at the top of the worry list of global investors, who fret its economy is growing at a much slower pace than the official 7 percent target for 2015....
China does not have a history of bailing out poor performance companies, they litigate it and level criminal charges, prison time and/or death sentences.
Because it was Monday.
Brokers had the weekend to plot their course. That is why Monday was a real roller coaster ride. The brokers are isolating China. So, while they were at it the soft stocks with sincere problems were abandoned as well.
August 25, 2015
By Samuel Shen and Nathaniel Taplin
Chinese stocks tumbled again (click here) on Tuesday, despite a rebound in markets elsewhere in Asia, as investors despaired at the lack of policy action from Beijing in response to recent data suggesting the downturn in the world's second-largest economy is deepening.
Major Chinese stock indexes nosedived more than 7 percent, hitting their lowest levels since December, following their more than 8 percent plunge on Monday that sent shockwaves through global financial markets. [MKTS/GLOB]
China, one of the main engines of the world economy, has overtaken Greece at the top of the worry list of global investors, who fret its economy is growing at a much slower pace than the official 7 percent target for 2015....
China does not have a history of bailing out poor performance companies, they litigate it and level criminal charges, prison time and/or death sentences.
