Dow Dumps 1200 Points From Holiday Highs, Nasdaq In Correction As Steeper Yuan Collapse Lies Ahead

Jon Alternative Media, Blogosphere, Government

Remember ‘The Santa Claus Rally’ that Bob Pisani said “we should expect” – well The Dow is now down over 1200 points from the highs just before the end of the year and extending those losses as Reuters reports, PBOC advisors are said to call for steeper yuan depreciation, pressuring the government todepreciate by 10-15%.

This post was published at Zero Hedge on 01/07/2016.