Wrong with the chinese markets. The point is and it might just be the thing that takes out the rally. Well tell you how to protect your portfolio. Heres what shares of bank of america have done. If youre worried that the run is done, well show you how to protect yourself. The action begins right now. All right. And welcome. We do have a sledgehammer of a show tonight. Lets get right to it. Because chinas stock market is falling. The china etf, the fxi, falling to its lowest level ins early august. This as the countrys bond market basically crumbles. No other way to put it. Is china the biggest threat to this epic rally we have been on . Lets get in the money. Dan. It could be. If you look back to 2015, we sue a huge rampup from the 2013 lows, up 2 and then crashed. The lows this year down about 50 . And when you think back to that period of time, the summer of 2015, major palpitations in our markets and then again early this year, january and february, there was a lot of concerns about
Strength of the market. I often feel the averages can be misleading. The averages always play a ole in thinking about the power of the move. But its how the market rallies. What stocks make up the advance and why they are advancing that really makes a difference for this guy. First, yes, i care about the direction of the averages. Provided that the wealth in the averages is spread across many different sectors. Remember, there are good rallies and badle rallies. The house of pain. House of pleasure. A good rally has many sectors rising with with good leadership. A house of pain rally is led by stocks representing one or two sectors as was the case in the runup to the financial crisis with the miners, minerals, oils and fertilizerers stocks leading the advance. Thats an unholy group of generals that cant get the job done. More reason to sell, sell, sell. Than to buy, buy, buy. The more the merry and the stronger the rally. That made me excited today. Until today a group was with left be