Which stockmarket is down 99.986% since 2007?

One European stockmarket has lost virtually all its value since the financial crisis. We'll see more of the same before the current crash is out, says John C Burford.

In the first four trading days of the year, global stockmarkets have been hammered. The Chinese authorities have shut down the stockmarket twice this week after they pumped in untold billions in "support". I guess even China cannot print yuan fast enough to staunch the emerging collapse.

But China is only doing what all central banks around the world have been doing for years trying to manipulate the markets. Their magical powers over them seem now to be on the slide.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.