"The drop in China's market had a domino effect on other markets, fueling worries that rallying asset prices have run too far ahead of economic fundamentals and weak earnings prospects."
"This is a liquidity-driven bull market. It's not a market being driven by valuations."
"History tells us when markets rise as much as they did in the second quarter, they should come down. It's hard to say where the floor is, but I don't think it's far from where we are now," said Mark Matthews, Asia Pacific strategist with Fox-Pitt Kelton in Hong Kong."
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