Tuesday, May 11, 2010

China is Now Officially in a Bear Market

The Shanghai Composite Index sank 1.9 percent overnight, bringing its decline from a Nov. 23 high to 21 percent. Many consider a market decline of more than 20% as a confirmation of a Bear Market.

1 comment:

  1. Interesting, I wonder if this will result in a sudden crash proving elusive, or if this will play out more like the drift down off the highs in US markets in 2007-2008 with a sudden panic down crash.