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Mission Accomplished? Chinese Stocks Re-Enter "Bull Market" - Up 24% From August Lows

For the 3rd time since the crash in June, Chinese stocks have staged a magnificent recovery. Amid the selling bans, arrests, deaths, manipulation, massive direct government buying, and general happy-talk propoganda, Chinese stocks are now up 24% from the August lows... Of course, we are sure every one of the grandmas and farmers - fully levered - clung on through the dips.. and are now still 32% down from the June highs...

 

 

Where next?

 

Charts: Bloomberg