Pragmatic Capitalist was warning last week about trader chatter in regards to the danger of a Chinese ‘Death Cross’. A death cross is ‘when a short-term moving average crosses over a long-term moving average from top to bottom.’ In this case it refers to the Shanghai stock market.
Today, Bloomberg had a fit over it, as per the screen shots from Bloomberg T.V. below. It’s gone mainstream, which could have a psychological effect.
Anyway, props to Bloomberg which has been upping the entertainment level lately. This comes following interviews with both Gene Simmons and Pamela Anderson.
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