Monday, August 17, 2009

Shanghai Cliff Diving

by Calculated Risk on 8/17/2009 11:03:00 AM

Just a note: The NAHB Housing Market Index will be released today at 1 PM ET, and the Fed Senior Loan Officer survey for July will probably be released today or tomorrow.

Shanghai Cliff Diving Click on graph for larger image in new window.

The Shanghai SSE composite index is cliff diving again following the recent large increase. The index was off 5.8% on Friday today.

I've also added the S&P 500 for comparison (dashed blue line).