Entries in china stocks markets bija (1)


Perspective on the Shanghai Slide

My buddy, and market cognitive psychology expert, Stephen Duneier of Bija Advisors puts some perspective on recent market movements.  His two points: first,   the correlation between US and Chinise stock markets (.215 monthly) is low, very low.    He notes that the two markets moved in the same direction in only 57% of months - that's pretty close to random.   Secondly, when you look at recent US market movements in the attached rolling monthly chart going back to 2009 they don't look so special.