Made in China

Today the NYSE opened at 15,676 and jumped to 16,085.  Then it began to drift downward to 15,920 over the next hour.  Personally, I expect to see it wind up in negative territory again today.

The Shanghai Composite started its day good but wound up down another 1.27%.  Reports are that it has lost 25% of its value over the last 5 business days.  The European markets are following as well.  Most market analysts are saying, at the moment, the DOW is still the market the world watches and are poo-pooing the idea that the Chinese stock market has any significance.

I couldn’t help but laugh yesterday when Jeff Reeves said “you’d be crazy not to buy Apple stock today” because my first thought was, “Is that the captain of the ‘Titanic’ speaking?”  Shortly after he made his statement, or at least after the story got reported, the NYSE began its slide toward another 200 plus point loss for the day.

Once it was the city of London that led the way in the world financial markets.  For most of the last century, it has been Wall Street.  This week, at the very least, it is China.  What can be said for certain regarding this crash, if we can call it a crash, is that it is very much like your TV or your smart phone in that it is stamped “Made in China.”

Pastor Ward Clinton

2 thoughts on “Made in China

  1. Undeniably imagine that which you stated. Your favorite
    justification seemed to be at the net the simplest factor to consider of.
    I say to you, I certainly get irked while folks consider concerns that they plainly do not understand about.
    You managed to hit the nail upon the top and outlined out the whole
    thing with no need side effect , other folks could take a signal.
    Will likely be back to get more. Thank you


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s