That's the setup to an inbound market disaster if I've ever seen one. Especially given China's falling corporate earnings and all the other blatantly negative signals in their economy right now. This market run occurred solely due to margin, and not due to growth; the outcome was always obvious ahead of time.
http://i.imgur.com/3vMDYlx.jpg
That's the setup to an inbound market disaster if I've ever seen one. Especially given China's falling corporate earnings and all the other blatantly negative signals in their economy right now. This market run occurred solely due to margin, and not due to growth; the outcome was always obvious ahead of time.