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Thread: The day for bear market is coming?

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[quote=YVONNE,256800]On November 22nd, Chinese stocks dropped drastically. Shanghai Stock Exchange and Shenzhen Stock Exchange went down 4.4 percent and 4.6 percent separately. The Shanghai Composite Index closed at 4984.16 which was below 5000 points since late August. Today, Shanghai Composite Index closed at 4958.85, dropping 1.46 percent. Shenzhen Composite Index also went down 0.99 percent.

The data shows that the bubble in Chinese stock market is gradually becoming small. Till Oct. 16, shares in Shanghai Stock Exchange had been increasing rapidly while shares in global markets had dropped seriously. On Oct.16, Shanghai Composite Index reached 6092.06 points---its record in history. The drastic drop in recent days suggests that Shanghai Composite Index has declined about 18 percent. Usually, if shares fall 20 percent in a year, it means that bear market comes. Juding by this standard, Shanghai Stock market nearly goes into its bear market.

What do you think? The day for bear market is really coming or Chinese shares will bounce back very soon?[/quote]

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