Quote: (07-08-2015 12:21 PM)Deepdiver Wrote:
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Might be a good buy in bottom once this Chinese markets crash freefall finishes... right now at 33% wiped out will it be 50%, 75% or 90% is the question?
China is a particularly volatile market with sharp spikes both in uptake, but also in down-times.
Just look at their charts from the Lehman crisis. It fell tremendously - doing it very fast.
The Chinese are using the market as a gambling casino, since gambling is forbidden otherwise. Even very rich people are doing the same. So I would not overstress the importance of it.
Still - it is one of those sharp moves that OP is talking about. You can go short now, but missing the bottom can break you. Plus even in such down-times you have tremendous swings up as well. It can all wipe out your capital before another steep fall.