Why 2,667 Is The Most Important Number In China Tonight

Barring some miraculous 8% epic melt-up in the afternoon session – go down as the worst ever January for Chinese stocks. While that is a big enough deal, for now the 24%-plus plunge is the worst of any month since Lehman’s fallout in October 2008. However, it is close… if the Shanghai Composite closes below 2667.50 today, January 2016 will become the worst month for Chinese stocks since 1994… quite a feat in a “stable” and manipulated market.

Worst January ever…

 

“Worse since Lehman” or Worst in 21 years?

 

2667.50 is all that matters…

 

Charts: Bloomberg


via Zero Hedge http://ift.tt/1WQEcmG Tyler Durden

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