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High-School-Educated Chinese Speculators Have Learned Well From US Investors

Because when the macroeconomic backdrop is as bad as it's ever been... there's only one thing for it - panic-buy equities...

 

 

As one witty Twitterer noted overnight...

the more you think and assess risk, the more you wrong.

— DMW (@dmwlsw)

Indeed!

 

Chart: Bloomberg