China still going down...

No bottom in sight; down another 0.85% last night....

US in 2008 iirc via same moron monetary policy implementation was down about 40% off its highs before govt said uncle and added capital to banks via fiscal policy so maybe (hopefully) they only have another 12% to go...

Chinese stocks close at their lowest level of the year. Shanghai Composite Index down 28% from its high in January. #China pic.twitter.com/VBqs98z9vw

— jeroen blokland (@jsblokland) October 16, 2018