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Should we really blame China?


A few days ago the market was selling hard and media blamed China and their circuit breaker and worries over Chinese slowing economy.

Then media blamed North Korean hydrogen bomb for a selloff.

A day before yesterday, they blamed China and their circuit breakers again.

Yesterday, China removed the breaker feature and their market rallied. China finished +2.9%. Futures rallied.

This morning the US market crashed because of a good job report.

I think the slump today was due to the US economy getting into trouble and not China, oil, job report, or bad weather.

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