Nearly 1300 Chinese Hedge Funds Have Been Forced To Liquidate

Nearly 1300 Chinese Hedge Funds Have Been Forced To Liquidate

In what is fast becoming a regular feature of the market, the Shanghai Composite Index staged a late-day rally to close 4.9 percent higher. The rally comes too late for many Chinese hedge funds who have been decimated by the rout that started in June as they are restricted in making bear-market bets by government regulation….

More better!
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More better!

Well…looks like someone leaked that the Fed will not raise and decided to front run…oh, that doesn’t happen…does it? Anyway, notwithstanding the Fed on Thursday, the “upper hand” by the buyers that we told you about off of Sept 8th’s action is gaining teeth and for the first time since the nausea, we saw some…