Many people thought China’s stock market would be a one-way street straight up to trader heaven with free money for everyone. One farmer recently said that it’s easier to make money from stocks than farm work.
However, the one-way street took a little detour the week of June 15–19 and continued to go in the wrong direction this past week, with the Shanghai Composite down 19 percent from the highs around June 16 and the Chinese Nasdaq (ChiNext) was down 27 percent.
