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China is now falling back on its major levers to stem their biggest decline since 1996. The shanghai comp positive dropped 7 overnight before policy moves took place. They came in after hours. The besthat some of minds have been saying about china. I tell people be cautious because i dont think china can come up that easily with a solution overnight. Complicated situation and Financial Markets is not the first thing on the radar screen. Thats why this market is trying to find its own level and its clearing at a much lower level than most people have expected. I think the market is very oversold. Over 1200 new lows, 12 month lows on the new york Stock Exchange. Usually, this occurs at the end of a bear market. This has occurred at the beginning. This is a signal that something is very wrong. Dont get excited, take a few days off, wait for the market to stabilize and then co ....
European union. I have spoken with seven of the Foreign Ministers myself this morning. What is clear is that there is not the appetite to imposing economic sanctions or to target any of russias Business Leaders in that list. That is something that many people have speculated on going into this meeting. They are not there yet. The goal of the sanctions is to discourage president Vladimir Putin from annexing crimea but that crimean set voted to join russia but russia does not need to follow through with that. Should president putin decide to annex crimea, we could see the European Union ratchet up the sanctions. The west has given russia its warning and putin will respond and we will speak to russian lawmakers tomorrow. If you listen to the rhetoric coming out of ....