This is bizarre! at Tigerhawk
Bullish comments in China's state-controlled media appeared to reassure anxious domestic investors, who account for virtually all trading. China will focus on ensuring financial stability and security, the official Xinhua News Agency cited Premier Wen Jiabao as saying in an essay due to be published in Thursday's issue of the Communist Party magazine Qiushi.
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Your modern Commie, who may actually be the same guy who in the 1960s imprisoned or shot intellectuals and dug up city parks because they were too bourgeois, is now all about being bullish. True, he's still going on about "financial stability and security" and that could be a bit ominous, but it probably only means that he respects the popular reaction to stock market volatility to roughly the same extent as, say, Senator Sarbanes. In the end, you have to agree that's a huge improvement.
More bizarre is the fact that the U.S. stock market would take a nose dive, losing 3.29% because of problems in the Shanghai market...or any market! Not good.
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