Many on this board thought China's economic stimulus would help Boost REE demand. I voiced my doubts because the press I read said too little too late. The stock market in Hong Cong Rallied, China was closed.. Now China has been open for two days and look at what is happening. I will be the first to agree stock market is not the REE market. It does tell us what a lot of people who control lots of money think.
Markets are still up from announcement but Leverage has a lot of impact and as we all know that can fall apart real fast.
Meanwhile, leveraged equity positions have jumped, risking a greater tailspin if the market drops and they need to be unwound. The outstanding amount of margin debt in Shanghai and Shenzhen exchanges rose to 1.54 trillion yuan ($218 billion) on Tuesday, up 7.4% from the last trading session on Sept. 30, according to data compiled by Bloomberg.
LYC Price at posting:
$7.41 Sentiment: Sell Disclosure: Held
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