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Politics : Evolution -- Ignore unavailable to you. Want to Upgrade?


To: Solon who wrote (45460)1/24/2014 2:58:21 PM
From: 2MAR$  Read Replies (2) | Respond to of 69300
 
Some real Pulitzer prize winners keep popping up here... as for the market getting the correction & tank was expecting, what goes up, must come down. Trader's blaming the emerging markets & China.

Global Markets Are Getting Rocked — Dow Down 260
finance.yahoo.com
finance.yahoo.com



To: Solon who wrote (45460)1/24/2014 3:11:01 PM
From: 2MAR$  Respond to of 69300
 
What really spooked things this week,aside from a surprise drop in China flash PMI readings was this SEC ruling banning the big four Chinese accounting firms from doing US ADR stock reports, the basis for all civilized behaviors "accountability & transparency".

Had some real damping effect, shorts on all Chinese nets good for 10% in 2days

SEC judge bars "Big Four" China units for six months over audits
reuters.com
reuters.com

China responds

China Warns U.S. of Consequences After SEC Bans Accounting Firms
businessweek.com
businessweek.com