China’s Biggest Drop “Since Lehman” Is Worst.January.Ever

Thanks to BoJ’s global “float all boats” NIRP-tard-ness, Chinese stocks avoided the headline of “worst month in 21 years” by rallying above the crucial 2,667 level (for SHCOMP). However, January’s 23% pluinge is the worst month since October 2008 and is officially the worst start to a year in the history of Chinese stocks.

While Shanghia Composite was ugly, the higher beta Shenzhen and ChiNext indices were a disaster…