A Picture Is Worth A Thousand Words

August 31st, 2009 by Belisarius

Shanghai Composite down -6.7% today. No comment needed.

Chart 1.  Shanghai Composite

Shanhgai Composite 31082009

Interesting news today by Bloomberg:

Shipping Rates Seen Falling 50% as China Cuts Commodity Imports

Yen Strengthens, Japanese Stocks Drop After DPJ Wins Election

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