into a smaller one....
The Shanghai stock market has turned into a shock market.The bears are running amok.Real Estate gurus are hinting that this will have a flow on effect on the Sydney property market. Why? God knows. More than likely it's the Chinese Mr and Mrs Cheungs who have taken a mega hit; the tabloids identify them as the Mum and Dad investors. These have been gambling like billy-oh , shovelling housekeeping yuan into brokers' pockets like there's no tomorrow.
The big investors, the multi rich ,some of whom make Murdoch look like a pauper, will have been cleaning up. It's called shorting.
There are a few universal truths that prevail in global stock exchanges. Firstly only invest what you can afford to lose, secondly do your homework and last but not least, don't panic.
Simples. Innit?
