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Interesting - the FTSE is on a downward spiral. It goes down x%, then rises a little less the following day. But the overall trend is down. I've seen this many times. I suspect that the downward trend is overreaction, due to 'poor' Chinese growth. China's growth is less than in the past, but it's still growing at a decent rate. The market overreaction (and that's what I think it is) might continue for some weeks though. |
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