This weeks sign of the Apocalypse.


The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock, worried that such sales could douse a long-desired rally, three people familiar with the matter said.
 
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Yeah. They're still reeling over the real estate bust. All they need is for there to be a run of people bailing out of other stocks and it will be the express elevator straight to hell.

I'm still amazed it hasn't happened here yet. It's staggering to me the level of debt people are carrying and NOT paying on and they're still being given more and more credit.
 
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