Let's start with why the market went down today.
#1 Reason = $TWTR.
When Musk said he was buying twitter months ago.
The market responded with a big up day.
Wall Street liked it.
So naturally we were going to have a down day today to reverse that move.
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Doesn’t seem to be a huge protest.
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This is huge. Don't know how this will end. Henan bank is NOT the only one that is having problems with liquidity. All four Chinese banks are having the same issue. Some depositors found they can save and can NOT withdraw money with their bank cards.
#bankrun #China #CCP
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