Concerns that Chinese monetary tightening will trigger a hard
landing in China, increasing US bank regulation and continuing
financial stress in Greece have contributed to a pullback in share
markets and other growth-oriented investments over the last
week or so.
From their highs in early January, most share markets
have fallen by around 6%. Chinese shares have fallen about 9%,
although they have been range bound since August. Does this
mean the recovery rally in shares and related trades is over?