what in percentages? a 12.5 percent rebound? reading the morons in the news and TV - it sounded the market has gained 800 points - Barneke spoke and he "calmed" the markets? What? So they were so calm that decided to wait this one out? Indeed the market did not go further down but it is only Wednesday and the week-end is coming......
"However, with the Shanghai Composite Index closing down 84pts (3.00%) at 2797.19, the markets remain wary about further stock market losses. Markets are also seen remaining wary of historical patterns -- notably, 1987, 1997 and 2007. This behavioural pattern shows that stock markets don't like the years with a 7 in it. The 1987 crash, known as Black Monday, was the second largest one-day percentage decline, and the 1997 mini-crash was the third biggest points loss or 12th biggest percentage loss in its 110-year history. Will 2007 be the fourth biggest points loss? History also shows that the 1987 crash was the climactic culmination of a market decline that had begun five days before on October 14th. The DJIA fell 3.81% on Thursday, October 14, followed by another 4.60% drop on Friday October 15th, and then losing 22.6% on Black Monday. Also uncanny is that analysts were then very quick to point out at the time was that these crashes were a "correction" to the overheated markets, which were then trading at record highs." I'm not calling it but thought it was interesting