Lipstick on the Chinese Pig

August 26, 2015
China Doesn't Look That Bad Compared to Other Market Meltdowns

The 43 percent decline so far in the Shanghai Composite Index looks modest when compared with a 78 percent peak-to-bottom retreat during the bursting of the dot-com bubble in 2000...

The 43 percent decline took two months. We have no idea if it is over yet, hence the "so far" disclaimer. As seen in the table within this article, the Nasdaq drop took 31 months. Those bullish on the Shanghai Composite Index better hope the drop does not continue for another 29 months. Might be nothing left, lol. Sigh.

Look, all I am saying is that if you find yourself in an auto accident and you feel your front bumper beginning to crumple in the first 0.02 seconds, then you might not want to unbuckle your seat belt quite yet. There still may be 0.29 seconds of accident left to play out. Have the airbags deployed? Is your head making forward progress towards the steering wheel? These are important questions for consideration.