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Will We Hold It Wednesday - Strong Bounce Edition
2015-09-09 16:42:47| Telecom - Topix.net
Sure it doesn't look all that impressive on the Big Chart, but what a turnaround we're having this month as China drops $236Bn into their market, boosting the Shanghai back to barely a 35% drop from their highs, back at 3,243 at the day's close. Only 50% more and we're back to 5,000! It sure isn't for lack of trying as China just lowered the tax-rate on dividends to ZERO for stocks that are held 12 months or longer but, silly China, this will have the unintended consequences of halting all investment and expansion in Chinese companies as investors demand all the profits be returned as dividends, which then become a problem for the Government and their tax revenues sink.
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