Quote:
Originally Posted by drcoastline
Evergrande default I think is largely the cause of today?
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You think?
The mood in Equities is uncertainity.about just how bad Evergrande can get..will the contagion spread causing the house of cards to collapse. IS THIS THE BIG ONE? A CRISIS? The big Boyz have been moving with stealth last week.
The question is ..What will the Chinese govt do to put the lid on this?
So far the sheep have been complacently grazing as the waters still appear to be calm. I figure if China cant paper over the cracks..the dam will be collapsing in about 3 months or so..that is when it will hit the USA
On Saturday I was going to write WE ARE IN CRISIS! But there is still somedoubt in my mind...so I didnt? It is time to watch and see. The Red Storm warning flag has gone up.
So far what is happening is over the horizon in a foreign land where it is difficult to gauge the severity of what is going on, on the ground.