The Shanghai Composite Is The Ugliest Chart In The World

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		Tech Science Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Law International Video Latest Retail Wednesday, September 26, 2012 The Shanghai Composite Is The Ugliest Chart In The World The Shanghai Composite index fell again last night, closing at a new 3.5 year low.  This is as the S&P 500 continues to trade near multi-year highs. Jeff Gundlach, among others, considers the Shanghai Composite to be a leading indicator of the S&P 500.  As such, he likes the idea of shorting the U.S. and going long China. Meanwhile, Citi's Tobias Levkovich has argued that correlation was temporary and has since broken down. Regardless, the Shanghai Composite might be the ugliest chart of the year.  Earlier this morning, the index briefly dipped below 2,000 and went as low 1999.48.  From Doug Short: Read » Also On Money Game Today: The Truth About 'Window Dressing' — How Some Portfolio Managers Try To Dupe Their Clients At The End Of Every Quarter When Spain Unveils Its New Budget Tomorrow, You'll Understand Why The Catalan Separatist Movement Is So Explosive Advertisement CHART OF THE DAY: Global Growth Has Collapsed CHART OF THE DAY: This Jobs Chart Is Absolutely Horrifying CHART OF THE DAY: How The Fed's Latest Rescue Plan Will Create Jobs Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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