Imagine the amount of foreign corporate bond holders thinking the chinese economy was a sure bet and puttheir money down? Wouldnt put it past China to do the dirty on them and cheat them out of any preferential rights they have in the case of a collapse. Especially US bond holders.
This run looks cooked it was never gonna be strong.. Oscillator says its close to reversing.....oh wait! Time to say goodbye to the 7000s on the ASX futures methinks....
Ha ha, bit hard in Oz, wasnt everyone back then doing lunch on the corporate account, before the ATO killed it being allowed as a deduction anymore?
The global markets are starting to resemble an old sailing hulk in dire need of repairs - creaking planks, barnacles, springing a leak here and there, wood rot, etc. Feels more like June-ish / August-ish 2008 to me. A few more months and bulls will be walking the plank.(in pirate lingo anyway)
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