While the US stock markets have been motoring to new highs, the Shanghai bourse has been hitting fresh 52 week lows.
Some of the easy money brought here came from the huge gains insiders got for cashing out their holdings in the newly public companies. The appetite for this type of speculation has been waning in recent times as the Chinese economy has been cooling (still booming though compared to us or Europe).
Things you don't see at market bottoms, 23-Jun-2017 edition - It is said that while bottoms are events, but tops are processes. Translated, markets bottom out when panic sets in, and therefore they can be more easily ...
15 hours ago