Amazing how many are calling this a crash. China has doubled in the past few months. Global growth is actually accelerating not deaccelerating. AN 8% correction is a hurtful experience but you have to see 15% plus before anyone calls it a crash. The follow on from Europe and US was only 2%. XJO does 2% up and down days every now and again.
Don't you remember Indian Markets last year. Fell 25% one day. Bounced all the way back again.
As I said at the beginning growth is actually accelerating last nights sell off was a technical profit take.
I am willing to bet we are back to where we started within the next 2 weeks.
I remember the last few crashes and last night was not like them....
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