China's stockmarket: A crazy casino | The Economist

CHINA’S stockmarket has often been called a casino, with share prices bearing little connection to underlying economic conditions. But while the market has strayed from growth trends in the past, its divergence over the past few months has reached new extremes. Economic growth in the first quarter fell to 7%, the slowest annual figure in six years, but stocks have […]

It Was a Bad Week To Stop Sniffing Glue

S&P 500SPXA50R: % of stocks above 50 day moving average (red line)The blue vertical line shows Monday’s all time high in the index versus SPXA50RThe rotation out of the momentum stocks to defensive stocks was a non-event for the Dow:% of stocks above 200 DMANasdaq 100: Large Cap Tech and Biotech:

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It Was a Bad Week To Stop […]