What must be an accident is the negligence of the mainstream media to cover the fact that Shanghai "B" shares, the kind owned by foreigners, dropped 7.9% last night, the third consecutive daily loss, closing at 297.57, down 24% from 371.26 on Monday. This drop is not reflected in the Shanghai Composite, which lists the "A" shares controlled by the Chinese (not that they would ever manipulate the market, of course!). http://seekingalpha.com/article/36468 Note this excerpt, too - Asian markets were down across the board, but it really bothers me that the WSJ, who is in a fight to maintain its "journalistic integrity" against the onslaught of Rupert Murdoch (another billionaire you donât want mad at you) can make the statement "Chinaâs Shanghai Composite Index closed 0.5% lower at 4151.13 after remaining volatile through most of the session on Mr. Greenspanâs view. The decline follows strong gains over the past three sessions in property and other domestic consumption shares, after China widened the yuanâs trading band against the U.S. dollar last week." Do they even know about the B shares? So excuse me if I continue to take a little more off the table ahead of the weekend, but Iâm just not sure I can trust what Iâm hearing. If itâs a real rally, weâll have months of fun ahead of us. But if itâs going to snap back to 12,500, perhaps I should stick to cash for a little while.