China Stock Trading Halted 2'd Time in 4 Days

[Yazata]

It looks like Monday's rout isn't over. On Thursday morning January 7, the Shanghai and Shenzen stock markets were halted for 15 minutes, 13 minutes into trading, when the CSI 300 index fell 5% and triggered 'circuit breakers'. When trading was resumed 15 minutes later, the bottom totally fell out in panic selling and the markets were shut down for the day minutes later, with Shanghai down more than 7% and Shenzen down more than 8%, after only about 30 minutes of trading.

http://asia.nikkei.com/Markets/Equities/...it-breaker

It will be interesting to see where the other Asian markets close and what the effects will be in Europe and the US later in the day.

[C C]

Econo-clinicians and hawkers continue distributing their chill pills.

But many investors and traders said this downturn is different. “It feels bad, but volatility is not anywhere as high as we had in August, and stocks aren’t anywhere near as low on an absolute level,” said George Hashbarger Jr., a portfolio manager at BPV Capital Management. http://www.wsj.com/articles/global-stock...1452156855

[elte]

Through the night and into the morning, the price of oil has been falling. You can now buy a barrel for less than $30. (Remember, it was nearly $115 as recently as June 2014). The market for oil has been thrown into disarray because of worries about possible declining Chinese demand and surging Iranian supplies.

Http://www.npr.org/sections/thetwo-way/2...a-good-day

People are becoming less able to afford the modern lifestyle.