Was already below 50 day moving average a few days ago probably more now. Half way to a correction. Seems like we've been up and up and up for so long people ar

Was already below 50 day moving average a few days ago probably more now. Half way to a correction. Seems like we've been up and up and up for so long people are surprised! Though today's news take is on Evergrand a Chinese company be the cause. Which I believe is one of the biggest holders of loan debt in China. It seems like news reports CCP will not bail them out. So if you believe the big rally we've had is built on risky credit and 'free' credit extended by governments that will come home to roost, then it could be a scary sign. But from what I've read China is somewhat unique in there small scale individual loaning with historically low compliance & reserves for banks, seems the government is trying to reign that in. Protect their power & what they view as best for their economy in the long run, at expense of short term correction. https://www.marketwatch.com/story/sp-500-perilously-close-to-a-breach-below-its-50-day-moving-average-as-stock-market-slumps-friday-2021-09-17 https://www.marketwatch.com/story/sp-500-perilously-close-to...