Currency Devaluations

Chinese Stocks Could Fall Another 20% Before Bottoming Out, Magnus And DeMark Say

Chinese stocks are set to see a further drop, despite a recent rout in equities, as government efforts to prop up its $5.1 trillion market have failed, according to world-renowned forecasters George Magnus and Tom DeMark. Magnus and DeMark both believe that the benchmark Shanghai Composite Index could fall around another 20 percent from their current level of 3,160 to around the 2,500 level. The Shanghai Composite … Continue reading →