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Archive of entries posted on 11th August 2015

The Chinese devalue, making the dollar (and our stocks) even more pricey

Yesterday I listed every conceivable “yuch” I could think of. Then the Chinese devalue. That was one I didn’t think of. And that crashed today’s market. Markets don’t go straight up or straight down. Down markets have days like yesterday, which gapped open high and stayed high. Smelled like short covering. Today, China devalued, which […]