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The Extinction of Markets - Michael Pento - Delta Global Advisors

The little piggies go to market to be slaughtered

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Beginning of the headline :China's four-week-long stock market rout wiped out nearly 30% off the Shanghai Composite Index since its highs of June. To stem those losses the Chinese government has formulated an interesting hypothesis: stocks won't go down if you ban sell orders. Working off this proposition Beijing has ordered shareholders with more than a 5% interest to stop selling shares; directors, supervisors, and senior management personnel are also barred from reducing their holdings. China has also launche... Read More

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