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NW Indiana | Shanghai down 8.5% Sunday night caused panic in our markets. The Shanghai closed down another 7.6% last night but no one cares? I'm aware the Chinese gov came out with 4 easing steps a few hours ago but our futures were up big before this announcement. All that said makes me think today might be a head fake. If you remember back to 2008 our markets reacted positive to news only to turn around and tank soon after. It took a few months after the majority of the band aids handed out before we found a bottom. | |
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Yesterdays panic but today no one cares?
