The peak time for the market was in the beginning of June, when it was over 5,000 points. Today the market is around 3,500 points. The drop is not scary, but terrifying. In the past, there's never been such a large drop.
I first set up my stock portfolio in 2000. At the end of May, I bought one stock at 14.7 yuan. It's worth 6 yuan per share right now, and it's only been a month!
Don't ask me why the markets are so volatile. Why did no one ask about the dramatic rise of the stock market? Now everybody is only worried about the crazy drops.
People want quick money from the market. Some have lost everything -- it's more like a casino. Still, I don't think it will continue to drop.
