The markets started at 1929 levels.
Davos 2018. https://www.youtube.com/watch?v=1WOs6S0VrlA
The Chinese regulator in the video above has looked at the fundamentals and
has realised US stocks are at 1929 levels again.
The West’s experts can’t change the subject fast enough when the Chinese
regulator points out this epic blunder (49 mins.).
The FED call it a “wealth effect”.
The Chinese see it as an indicator of a coming financial crisis.