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Saturday, 20 October 2018

Who you gonna call?

Send for the PPT!

Halloween is still just around the corner, but Chinese stocks are looking more than a bit spooked right now. 

The index was whacked down to 4-year lows this week.

This has included heavy losses for the so-termed 'BATS' stocks (Alibaba, Tencent, and, um, those other ones...), despite Alibaba still recording enormous year-on-year sales growth.

Taking a longer-term technical perspective Chinese stocks have been in a two-decade uptrend.

Until now.

And when it comes to China this can only mean one thing.

It's time for some soothing messages...and to send for the Plunge Protection Team!