Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
You could describe what has happened to the market as a massacre over the past two days. It’s even making ‘conventional’ news now, and new ‘experts’ are being found to pass comment on it. The truth is... most of these experts don’t have a clue really. Interestingly today the Telegraph is doing a review of highly paid fund managers who at the beginning of the year were predicting the FTSE would be at 8,000 by the year end...
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Comments
wildrides
Picked up some stonking bargains in the last couple of days . One of the best was selling LGO and buying it back for those that managed it , and many did so judging by the level 2 activity ….which was frantic at times. 17% up this A.M
wildrides
P/S
dont forget China has labour camps for young people who dont do as expected and India has summary justice dispensed by communities ( unless your a rapist which seems acceptable ) I dont think either being implemented across Europe will help much !
Duck and Dive
Recreational drug use will grow anywhere in the world where disposable income grows. China, with its evolving middle class consumers, is proving itself no different from any other country:
http://www.economist.com/news/china/21608802-synthetic-drugs-are-now-common-chinese-cities-they-are-being-exported-too-chemical-highs
They are pretty keen on gambling too – which is arguably another recreational stimulant:
http://www.gamblingandthelaw.com/index.php/columns/327-chinas-gambling-problem
Drugs and alcohol do much to promote the work ethic: if you want them enough, you have to work to get the wherewithal.