China’s stock markets have risen far more than GDP. It shows many of the signs of an investing bubble: price growth exceeds income growth, retail participation increases, increased reliance on margin buying.
“China’s Stockmarket: Super-Bull On The Rampage” – The Economist
And then this happened. A 4.5% drop in one day, and a drop from almost 3,400 to under 3,100 in less than a few hours.
Pretending Not To Panic 