Although we typically don't rely heavily on trend lines for perspective, considering the pivotal history of rejection and support at the Meridian - this one we closely follow.
Rounding things out from the backside of the globe, here's a daily comparative of our Shanghai series. Considering Krugman's timing yesterday and choice of words;
"You could say that the Chinese model is about to hit its Great Wall, and the only question now is just how bad the crash will be."
- we cherish the opportunity to take the other side.