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Chart Of The Day

IS CHINA DISPLAYING CLASSIC POST BUBBLE PRICE ACTION?

Cullen Roche -

After the spectacular mean reversion of the last 6 months the near-term top in the Shanghai appears to be classic post-bubble price action.  Are we staring at years of sideways to down action?

ssec

The history of bubbles would lead you to believe so:

historysbubbles1

About Post Author

Cullen Roche

Cullen Roche

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.

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