BREAKING: China's main stock market index plunges 7.6 percent in third straight day of declines.
— The Associated Press (@AP) August 25, 2015
China continues to seek the bottom.
Meanwhile the Chinese government, powerless to stop the rout, is seeking to blame everything from "malicious short selling" to "underground banks".
The fact is, as I have noted many times before, markets are not rational they are governed by a herd mentality powered by greed and fear.
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