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Sunday, August 30, 2009

Shanghai Cliff Diving

by Calculated Risk on 8/30/2009 11:14:00 PM

Shanghai Click on graph for larger image in new window.

This graph is the Shanghai SSE composite index. I used to post this graph with the subtitle "Cliff Diving"!

Now the Shanghai composite is off more than 20% from the recent peak, and off close to 5% tonight. I guess this is 'mini-me' Cliff Diving ...

The U.S. futures are also off tonight, but not significantly:

CBOT mini-sized Dow

Futures from

CME Globex Flash Quotes

And the other Asian markets are mostly red too.

Best to all.