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Research firm predicts major stock market crash next week
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Friday, July 17, 2009
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By Daily Crux Editor Brian Hunt:

We always enjoy it when someone goes out on a limb and predicts a market crash. We enjoy it even more when they place a time frame on it.

Predictions rarely come true in the stock market. But analysts at bank BNP are predicting a big fall in China's Shanghai Composite Index by July 27. The prediction is based on mathematical models.

Chinese stocks regularly go through booms and busts, so nothing surprises us here. It's worth keeping an eye on...

Read full article...

More on China:

Chinese stocks BLOW OUT old high...

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Forget gold: This is how China is fleeing the dollar, Part II

Topics: China | Stocks
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