Chinese investor psychology has shifted. Period. The more the government intervenes to lift stock prices explicitly, the more local and professsional leveraged investors will use any strength to unwind their positions (profitably or unprofitably). The question is - when does this carnage stop?
Exhibit 1 - Based on 'fundamentals', The Shanghai Composite has a long way to go...
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Exhibit 2 - If Dr. Copper is right about the state of the world, The Shanghai Composite won't find support until it has fallen another 60%...
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Exhibit 3 - Judging by historical analogs, The Shanghai Composite will need to destroy all gains in the last 2 years before 'value' is once again seen...
[5]
But apart from that, this must be a buying opportunity, right?
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Because if you don't buy the dip, you're a f##king idiot...
