Until they look, most people think that China is robustly charging ahead with a strong economy.  GDP is high and by media accounts, they are doing quite well.

But, if that is so, why did the Shanghai Composite Index peak last August?  

On August 4th, the Shanghai Composite had hit an intra-day high of 3478.01.   Last night, the Shanghai Composite closed at 2995.31 ... down -13.88% from its August high.

How does that compare with the U.S.?

On August 4th, the (NYA) New York Stock Exchange Index's intra-day high was 6587.48.   At the close yesterday, the NYA was at 7042.62 ... UP +6.91% from its August intra-day high.

What's going on now?

Worldwide conditions are often not as healthy as they are portrayed.  Currently, worldwide investors are starting to worry about the government debt troubles/defaults we reported on last Friday at this link:  http://stocktiming.com/Friday-DailyMarketUpdate.htm   The countries under a "worry status" right now include: Greece, Argentina,Venezuela, Spain, and Portugal.  Foreign country risks and potential defaults have now become an important investment criteria and factor for the big Wall Street firms in their program trading.  (The Shanghai Composite's weekly chart is below.)

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