Re: China market. 97% retail investors. 100% casino.
Just look at our "established and sophisticated" ASX and let your mind wander. Chinese stock market has about as much bearing on what's going on in China as the LYC thread has on our economy.
Not to say you should ignore the flow thru effects on confidence in the ST.
Also, China might in fact be going thru a bit of a slump.
Smarties I follow say markets will bounce but will settle back to new lows.
So far most of these events have been 'boy who cried wolf' stuff. Sooner or later we'll get the real thing.
