US financial system and mentality needs to go through what Japanese went through since 1990s. US needs to deeply realize what went wrong living in debt abundance too long. The US 80s and big 90s bubbles with overspending, now bankrupting the country.
China SSEC has traded below the LT breakout bubble realizing fast that the market is in bubble, not like US does understand the troubled future blinded by greed and deceit.
SPX is trading below LT resistance; and with more debt, markets pretend to be OK, but it is just another set for a big melt down since we do not have genuine economic growth like what has happened during 2003-2007 ARM gimmick economy.
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