Don't live with a knot in your stomach.
I am inspired by the courageous women of Poland who on Monday said NO to an attempt to impose a near total ban on abortion. The women who stopped working and hit the streets, the women who made 3 October an historic day, the women of the #CzarnyProtest.
Even if all the news from China is bad.
6. Who received France's Legion of Honor award this week? a. French President François Hollande b. Former U.S. President
Markets do fluctuate, but the crash of Shanghai means China will soon need a new development model. And there seems to be no secret Chinese institutional or developmental sauce. China will -- unfortunately -- likely become another corrupt middle-income country in the middle-income relative development trap.
Unless you work in finance, just sit tight.
People may worry when a disease claims lives, but that worry doesn't make the disease's effects stronger or multiply the victim count. Investor sentiment, on the other hand, can and does cause market shocks to ripple outward.
We need 3% gains today. That's right, after dropping 15% our 5% Rule says a weak bounce should be 20% of the drop and that's a 3% bounce off yesterday's close just to keep us a tiny bit bullish.
The decline comes despite a multibillion-dollar government effort to stop a slide in prices.
Everybody calm down.