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Yesterday...knee jerk reaction of genuine upturn

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DR_1
Super Contributor
Attached is a comment from bloomberg, on china, The government's announcement on Nov. 9 followed three interest-rate cuts in two months and the end of a tax on equity purchases. China's benchmark CSI 300 Index is still down 66 percent this year, twice the drop of the Dow Jones Industrial Average. The question remains, have we seen the bottom or is there more to come, personally I think that we have seen the bottom on October 24, and will hover above it.
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4 REPLIES 4
john_1
Super Contributor
please note that no short selling is aloud in china and the market has fallen double that of the DOW
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SimonPB
Valued Contributor
the CSI 300 is not a true reflection of anything but the only legalised way to gamble in china.
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venice
Super Contributor
DR why do you say we have found a bottom??.
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DR_1
Super Contributor
we have not seen the levels of 24/10 or come close to it since that time
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