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This Market Will Have Trouble Finding a Bottom… Here’s Why

2 | By Wall Street Insights and Indictments Staff

After another down day in the markets, Shah joined Making Money host Charles Payne to talk about how much farther the markets have to go until they hit bottom.

The elephant in the room is, of course, China. Much of the global economy is still dependent on China – which right now is trying to save its currency and prop up its flagging stock market and has already burned through nearly a trillion dollars of its storied reserves to do so.

He also talks about what the Fed could have said yesterday to goose the markets…

Click below for the full video.

2 Responses to This Market Will Have Trouble Finding a Bottom… Here’s Why

  1. Elizabeth Kellett says:

    When money goes, where does it go? Nobody burns it. That’s a figure of speech. When China “burned” through almost a trillion to prop up its market, who got the money? Other Chinese, I would imagine. Other Chinese in govt, bought the tanking stocks. So the money is still there, just in investors hands. So why worry?

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