[vodpod id=Groupvideo.3238249&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] Stuff I’m Reading this Morning… Big rally in China last night, in the face of the possible Panda Bear market. (MarketWatch) Money market funds are overdue for “drastic surgery”. (Bloomberg) IRS Commissioner Doug Shulman on the offshore account crackdown. (FoxBiz) What are the ten best-selling cars in the Cash 4 Clunkers program? …
Panda Bear Market
Enter the Panda Bear: Chinese Stocks Down 20%
The Chinese stock market, as represented by the Shanghai Composite, has doubled from it’s low this year and then peaked out in mid-July. Since it’s high last month, it has given back about 20%, which is the standard measurement of what constitutes a Bear Market. I am coining the phrase Panda Bear Market to describe this…
