I don't think we need to worry too much, this is all temporary as we speak. I've said the markets were needed of a correction , and this is the perfect time for the markets to have that correction, before we have our bull run again for the end of the year/early next year. With economies re-opening worldwide and vaccinations increasing, this will subside very fast.
Regarding the Evergrande debacle, I also think this is blown over proportion, as the government will come to the rescue and strike some deal with the investors very quickly, as we already know the effects of a Mortgage crisis in 2008/2009. Therefore officials would be very quick to not have the same situation repeated here.
The bears will be having the party for now, but I think this will be short-lived very quickly, as we will see a quick reversal of the overseas markets very swiftly.
With the Quarterlies season coming upon us, this will be very strong going forward.
IMO.
$1 Club, page-24927
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