Another interesting correlation that I note is that Carson Block of Muddy Waters was out with another report that attacks yet another Chinese stock traded on a U.S. exchange, as having cooked financials. Company called Focus Media (I believe- heard him on CNBC on the XM radio).
He also made a number of negative comments about ALL U.S.-traded Chinese stocks.
And, sure enough, ALL (with one exception) of my Chinese stocks were down sharply today.
Remember the old Merrill Lynch slogan "When Merrill Lynch talks, people listen"? Well, today it's more like when Muddy Waters talks, people listen.
