...but at least the hours are good
The Shanghai Composite is down 11.7% year-to-date after a second 7% decline-and-halt in just four trading days.
No one quite understands why China has gone into full panic mode but the episode in August rattled confidence that officials know what they're doing. This imbroglio won't help their reputation.
So this is either a sign of some capital flows out of China and a global overreaction or it's armageddon. If it's the later, at least we can enjoy the music while the world collapses.
